ForecastCity
Long

A trading opportunity to buy in STRUSD

POLONIEX:STRUSD   Stellar / US Dollar (calculated by TradingView)
Technical analysis:
. STELLAR/DOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 69.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.11789000 to 0.09560000). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.11789000)
Ending of entry zone (0.09560000)

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= @ 0.14580000
TP2= @ 0.17342000
TP3= @ 0.18912000
TP4= @ 0.20730000
TP5= @ 0.23601000
TP6= @ 0.25526000
TP7= @ 0.28668000
TP8= @ 0.33745000
TP9= @ 0.40960000
TP10= @ 0.50150000
TP11= Free
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Thanks for sharing such a perfect opportunity to buy on STRUSD.
+1 Reply
@fxniki, indeed that's a perfect opportunity.
Reply
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