Technical analysis: . NEO/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 60.
Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (11.1856 to 8.4295). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (11.1856) Ending of entry zone (8.4295)
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= @ 14.26790000 TP2= @ 17.63851000 TP3= @ 20.75000000 TP4= @ 24.99556000 TP5= @ 31.86434000 TP6= @ 43.90000000 TP7= @ 93.13590000 TP8= Free