There is a possibility for the beginning of an uptrend in ZRXUSD
Technical analysis:
. 0x/US 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 56.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.203000 to 0.137800). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.203000)
Ending of entry zone (0.137800)
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= @ 0.270000
TP2= @ 0.360000
TP3= @ 0.460000
TP4= @ 0.558800
TP5= @ 0.690000
TP6= @ 0.813500
TP7= @ 1.019000
TP8= @ 1.223000
TP9= Free
. 0x/US 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 56.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.203000 to 0.137800). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.203000)
Ending of entry zone (0.137800)
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= @ 0.270000
TP2= @ 0.360000
TP3= @ 0.460000
TP4= @ 0.558800
TP5= @ 0.690000
TP6= @ 0.813500
TP7= @ 1.019000
TP8= @ 1.223000
TP9= 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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