While the price is above the support 0.02735, beginning of uptrend is expected.
We make sure when the resistance at 0.04175 breaks.
If the support at 0.02735 is broken, the short-term forecast -beginning of uptrend- will be invalid.
The uptrend #1 is broken, so the probability of beginning of uptrend is decreased.
While the downtrend #2 is not broken, wave in price would continue.
A trough is formed in at 0.03137 on 04/04/2019, so more gains to resistance(s) 0.03730 and maximum to Major Resistance (0.04175) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
( ) is 52.
. There is a possibility of temporary retracement to suggested (0.033000 to 0.030700). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.033000)
Ending of entry zone (0.030700)
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:
TP1= @ 0.03730
TP2= @ 0.04175
TP3= @ 0.04400
TP4= @ 0.04850
TP5= @ 0.05410
TP6= @ 0.05840
TP7= @ 0.06650
TP8= @ 0.07200
TP9= @ 0.08020
TP10= @ 0.08560
TP11= @ 0.10000
TP12= @ 0.12150
TP13= @ 0.15150
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