Prediction: Uptrend to Rally (When it breaks 1.70)
Target Price: R1=1.77-1.88, R2=2.08-2.22
Support/Cut Loss: S1=1.60, S2=1.55
*Trend direction: UPTREND - Higher-High & Higher-Low positive movement
*Price moves strongly above our Lifeline (Redline)
*Turning points (White-candle) have appeared on 21 & 25-Aug, an indication of the price revert to upward direction.
*White-diamond has appeared on 25-Aug, an indication of the strong buying momentum.
*Take-off zone (Yellow-candle & Bell-alert) appeared on 1-Sep, 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.