ForecastCity
Long

There is a trading opportunity to buy in TRXUSD

BITFINEX:TRXUSD   TRON / Dollar
Technical analysis:
. Tron/US Dollar is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 43.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.021400 to 0.018100). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.021400)
Ending of entry zone (0.018100)

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= @ 0.025000
TP2= @ 0.027650
TP3= @ 0.032170
TP4= @ 0.040500
TP5= @ 0.045200
TP6= @ 0.050600
TP7= @ 0.055750
TP8= @ 0.066290
TP9= @ 0.081300
TP10= @ 0.100410
TP11= Free
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It is an excellent HAMMER!
I bought it yesterday!
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ForecastCity Koorosh_FX
@Koorosh_FX, Thanks. Yes, it is.
oh you did? good luck.
Reply
Nice analysis as usual!

Thanks...
Reply
ForecastCity Koorosh_FX
@Koorosh_FX, You're welcome.
Reply
I appreciate your effort. this is a very good TA.
+1 Reply
@fxniki, Thanks for your kind words.
Reply
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