There is a possibility for the beginning of an uptrend in NEMUSD
. NEM/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 is at 63.
. The downtrend is broken, so the probability of the resumption of an uptrend is increased.
. There is a possibility of temporary retracement to suggested (0.0850 to 0.0634). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0850)
Ending of entry zone (0.0634)
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:
TP1= @ 0.1330
TP2= @ 0.1681
TP3= @ 0.1982
TP4= @ 0.2765
TP5= @ 0.3686
TP6= @ 0.4567
TP7= @ 0.7177
TP8= @ 1.1405
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