- While the price is above the support 272.650, resumption of uptrend is expected.
- We make sure when the resistance at 630.500 breaks.
- If the support at 272.650 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Price is in the Buy Zone (393.550 to 309.100), we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
- Beginning of entry zone (393.550)
- Ending of entry zone (309.100)
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough", 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 special version of our "Price Action" strategy FOLLOW our lessons:
- Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
- Relative strength index ( ) is 26.
TP1= @ 475.300
TP2= @ 553.100
TP3= @ 630.500
TP4= @ 729.300
TP5= @ 864.550
TP6= @ 970.450
TP7= @ 1151.600
TP8= @ 1229.700
TP9= @ 1415.950
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