There is a trading opportunity to buy in REQUSDTechnical analysis:
. RequestNetwork/USDollar is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 48.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0470 to 0.0290). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0470)
Ending of entry zone (0.0290)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0913
TP2= @ 0.1328
TP3= @ 0.1934
TP4= @ 0.3155
TP5= @ 0.4931
TP6= @ 0.6071
TP7= @ 0.7804
TP8= @ 0.9850
TP9= @ 1.2450
TP10= Free
