Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.1230). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ETPUSD 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...
Technical analysis:
. ETP/US 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 60.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.4000 to 0.2500). if so, traders can set orders based on Price Action...
Price action has played out, but the daily candle has turned out to be 'not perfect' - so is less reliable. Maybe we simply have an oversold divergent bounce? I feel this needs some good news (either Chinese or ETP).
- instructions on chart if you want to get involved.
Heppy trading.
