Don't miss the great buy opportunity in XLMUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.0706). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XLMUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 62.
Take Profits:
TP1= @ 0.08913
TP2= @ 0.11565
TP3= @ 0.16416
SL= Break below S2
Stellaranalysis
There is a possibility for the beginning of an uptrend in STRUSDTechnical analysis:
. Stellar/Dollar 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 43.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.04950000 to 0.03500000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.04950000)
Ending of entry zone (0.03500000)
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 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= @ 0.07100000
TP2= @ 0.08500000
TP3= @ 0.10200000
TP4= @ 0.11930000
TP5= @ 0.13700000
TP6= @ 0.15620000
TP7= @ 0.18010000
TP8= @ 0.22210000
TP9= @ 0.27550000
TP10= @ 0.32880000
TP11= Free