Technical analysis: . Walton/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 56.
Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (1.839400 to 1.383800). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (1.839400) Ending of entry zone (1.383800)
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= @ 2.721600 TP2= @ 3.505300 TP3= @ 5.105280 TP4= @ 6.346210 TP5= @ 7.629800 TP6= @ 10.05280 TP7= @ 11.80870 TP8= @ 18.58420 TP9= @ 29.54300 TP10= Free