While the price is above the support 0.01185, beginning of uptrend is expected.
We make sure when the resistance at 0.01395 breaks.
If the support at 0.01185 is broken, the short-term forecast -beginning of uptrend- will be invalid.
While the uptrend #1 is not broken, wave in price would continue.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
( ) is 48.
. There is a possibility of temporary retracement to suggested (0.01255000 to 0.01185000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.01255000)
Ending of entry zone (0.01185000)
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:
TP1= @ 0.01395
TP2= @ 0.01580
TP3= @ 0.01710
TP4= @ 0.01900
TP5= @ 0.02040
TP6= @ 0.02300
TP7= @ 0.02565
TP8= @ 0.03420
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