Technical analysis:
OMISEGO/DOLLAR is in a Range bound and Beginning of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 65.
Trading suggestion:
There is no trend in the market and the price is in a range bound, but we forecast an uptrend would begin.
There is possibility of temporary retracement to suggested support zone (12.50 to 10.07), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (12.50)
Ending of entry zone (10.07)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough", 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:
(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)
Take Profits:
TP1= @ 15.55
TP2= @ 18.05
TP3= @ 19.70
TP4= @ 21.55
TP5= @ 25.53
TP6= @ 28.50
TP7= Free
OMISEGO/DOLLAR is in a Range bound and Beginning of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 65.
Trading suggestion:
There is no trend in the market and the price is in a range bound, but we forecast an uptrend would begin.
There is possibility of temporary retracement to suggested support zone (12.50 to 10.07), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (12.50)
Ending of entry zone (10.07)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough", 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:
(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)
Take Profits:
TP1= @ 15.55
TP2= @ 18.05
TP3= @ 19.70
TP4= @ 21.55
TP5= @ 25.53
TP6= @ 28.50
TP7= Free
HighAccurate forecast for
🌟36 Forex Pairs:1.010.346 pips track record profit
🌟175 Cryptos
🌟Gold,Silver,Oils,Gas
🌟Best Profitable Trading Strategies
in 9 languages
since 2007
www.ForecastCity.com
🌟FREE Telegram
t.me/forecastcity_com
🌟36 Forex Pairs:1.010.346 pips track record profit
🌟175 Cryptos
🌟Gold,Silver,Oils,Gas
🌟Best Profitable Trading Strategies
in 9 languages
since 2007
www.ForecastCity.com
🌟FREE Telegram
t.me/forecastcity_com