There is a possibility for the beginning of an uptrend in STRUSD
Technical analysis:
. Stellar/Dollar is in a range bound and the beginning of uptrend is expected.
.The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 39.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.08495 to 0.07211). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.08495)
Ending of entry zone (0.07211)
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 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:
Take Profits:
TP1= @ 0.10213
TP2= @ 0.11930
TP3= @ 0.13400
TP4= @ 0.14993
TP5= @ 0.17345
TP6= @ 0.20730
TP7= @ 0.23610
TP8= @ 0.28670
TP9= @ 0.33745
TP10= Free
. Stellar/Dollar is in a range bound and the beginning of uptrend is expected.
.The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 39.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.08495 to 0.07211). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.08495)
Ending of entry zone (0.07211)
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 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:
Take Profits:
TP1= @ 0.10213
TP2= @ 0.11930
TP3= @ 0.13400
TP4= @ 0.14993
TP5= @ 0.17345
TP6= @ 0.20730
TP7= @ 0.23610
TP8= @ 0.28670
TP9= @ 0.33745
TP10= Free
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🌟36 Forex Pairs
🌟175 Cryptos
🌟16 Stock & Currency Indices
🌟Gold,Silver,Oil,Gas
✅ Best Profitable Trading Strategies
✅ in 9 languages
✅ since 2007
FREE Telegram 👉 t.me/forecastcity_com
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