A trading opportunity to buy in WTCUSD
Technical analysis:
. Walton/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 46.
. While the RSI downtrend is not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (1.839400 to 1.383800). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (1.839400)
Ending of entry zone (1.383800)
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= @ 2.721600
TP2= @ 3.505300
TP3= @ 5.105280
TP4= @ 6.346210
TP5= @ 7.629800
TP6= @ 10.05280
TP7= @ 11.80870
TP8= @ 18.58420
TP9= @ 29.54300
TP10= Free
. Walton/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 46.
. While the RSI downtrend is not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (1.839400 to 1.383800). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (1.839400)
Ending of entry zone (1.383800)
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= @ 2.721600
TP2= @ 3.505300
TP3= @ 5.105280
TP4= @ 6.346210
TP5= @ 7.629800
TP6= @ 10.05280
TP7= @ 11.80870
TP8= @ 18.58420
TP9= @ 29.54300
TP10= Free
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.