Prediction: Sideway to Rally (When it breaks 1.89)
Target Price: R1=1.98-2.00, R2=2.18-2.22
Support/Cut Loss: S1=1.76, S2=1.66
*Trend direction: UPTREND - Higher-High & Higher-Low positive movement
*Price moves strongly above our Lifeline (Redline)
*Turning points (White-candle) have appeared on 14-Aug, an indication of the price revert to upward direction.
*Take-off zone (Yellow-candle & Bell-alert) appeared on 21 & 24-Aug, an indication of price rally zone to be started.
*Disclaimer: This is not a Buy or Sell suggestion but solely sharing the information...Trade at your own risk.
*Preference Strategy: Swing trading (Follow the BUY/SELL Signal respectively).
*Reminder TP & CL is an individual preference & decision. No fixed rule or guideline for it.
*If you are interested in our trading template. Feel free to drop us a message, we are happy to share with you.
Signal's Interpretation:
BUY Signal:-
*Green-Background = Uptrend
*BT-Yellow-Diamond = Bottom signal.
*Green-Upward-Triangle = Potentially a Bottom signal.
*White-Diamond = Strong upward momentum accelerator.
*White-Candle = Turning point or a trend reversal.
*Yellow-Candle + Alert-Bell = Potential Price take-off area.
SELL Signal:-
*Red-Background = Downtrend.
*Red-Dot = Potentially a Top signal.
*Blue-Candle = Potential price selling off area.