Technical analysis: . 0x/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 63.
Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.2220 to 0.1710). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.2220) Ending of entry zone (0.1710)
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= @ 0.29555 TP2= @ 0.36510 TP3= @ 0.46000 TP4= @ 0.55880 TP5= @ 0.69000 TP6= @ 0.81350 TP7= @ 1.01900 TP8= @ 1.22300 TP9= @ 1.88880 TP10= Free