- While the price is below the resistance 0.9760, beginning of downtrend is expected.
- We make sure when the support at 0.9200 breaks.
- If the resistance at 0.9760 is broken, the short-term forecast -beginning of downtrend- will be invalid.
There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (0.9460 to 0.9515), if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
- Beginning of entry zone (0.9460)
- Ending of entry zone (0.9515)
- A peak is formed in at 0.9515 on 03/15/2018, so more losses to support(s) 0.9270, 0.9200, 0.9100 and more depths is expected.
- Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
- Relative strength index ( ) is 46.
Signal to enter the market occurs when the price comes to "Sell zone" then forms one of the reversal patterns, whether "Shooting star" or "Peak", 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 special version of our "Price Action" strategy FOLLOW our lessons:
TP1= @ 0.9380
TP2= @ 0.9315
TP3= @ 0.9270
TP4= @ 0.9200
TP5= @ 0.9100
TP6= @ 0.9000
TP7= @ 0.8860
TP8= @ 0.8680
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