Technical analysis: . NEM/US 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 85.
Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.0575 to 0.0455). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0575) Ending of entry zone (0.0455)
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 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= @ 0.0784 TP2= @ 0.1079 TP3= @ 0.1330 TP4= @ 0.1982 TP5= @ 0.2765 TP6= @ 0.3595 TP7= @ 0.4526 TP8= @ 0.7147 TP9= @ 1.1387 TP10= Free