There is a trading opportunity to buy in WAVESUSDTechnical analysis:
. Waves/US Dollar 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 68.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.7760 to 0.5160). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.7760)
Ending of entry zone (0.5160)
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= @ 1.2260
TP2= @ 1.7560
TP3= @ 2.4290
TP4= @ 3.2815
TP5= @ 4.1290
TP6= @ 4.9075
TP7= @ 7.6290
TP8= @ 9.8280
TP9= @ 12.0200
TP10= Free
