There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 0.01490 would begin in Midterm.
The support #1 at 46 is broken, so the probability of beginning of uptrend is decreased.
A peak is formed in at 0.01528 on 04/ 01 /2019, so more losses minimum to Trend Hunter Buy Zone (0.01330 to 0.01250) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
( ) is 48.
. There is a possibility of temporary retracement to suggested (0.0133000 to 0.0125000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0133000)
Ending of entry zone (0.0125000)
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= @ 0.01490000
TP2= @ 0.01685000
TP3= @ 0.01970000
TP4= @ 0.02140000
TP5= @ 0.02335000
TP6= @ 0.02970000
TP7= @ 0.03485000
TP8= @ 0.04375000
TP9= @ 0.05645000