Long
We will soon see an opportunity to buy in QSPUSD . Be ready!
Technical analysis:
.QUANTSTAMP/DOLLAR is in a Range Bound and Beginning of Up trend is expected.
.The price is below the 21-Day WEMA which acts as a dynamic resistance. as long as bullish exit in daily chart or daily RSI is not occurred, The uptrend will not begin.
.The RSI is at 42.
Trading suggestion:
There is possibility of temporary retracement to suggested Buy zone (0.1981 to 0.1320), if so, traders can set orders based on Price Action and expect to reach short-term targets.
.Beginning of entry zone (0.1981)
.Ending of entry zone (0.1320)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough", 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 special version of our "Price Action" strategy FOLLOW our lessons:
(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks)
Take Profits:
TP1= @ 0.285
TP2= @ 0.363
TP3= @ 0.474
TP4= @ 0.596
TP5= @ 0.885
TP6= Free
.QUANTSTAMP/DOLLAR is in a Range Bound and Beginning of Up trend is expected.
.The price is below the 21-Day WEMA which acts as a dynamic resistance. as long as bullish exit in daily chart or daily RSI is not occurred, The uptrend will not begin.
.The RSI is at 42.
Trading suggestion:
There is possibility of temporary retracement to suggested Buy zone (0.1981 to 0.1320), if so, traders can set orders based on Price Action and expect to reach short-term targets.
.Beginning of entry zone (0.1981)
.Ending of entry zone (0.1320)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough", 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 special version of our "Price Action" strategy FOLLOW our lessons:
(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks)
Take Profits:
TP1= @ 0.285
TP2= @ 0.363
TP3= @ 0.474
TP4= @ 0.596
TP5= @ 0.885
TP6= Free
High Accurate forecasts by 4CastMachine AI
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
High Accurate forecasts by 4CastMachine AI
✅36 Forex Pairs
✅175 Cryptos
✅16 Indices
✅Gold, Silver...
👉Follow.ForecastCity.com
FREE Telegrams:
👉t.me/ForecastCity_com
👉t.me/Free_Forex_AI
👉t.me/Free_Crypto_AI
✅36 Forex Pairs
✅175 Cryptos
✅16 Indices
✅Gold, Silver...
👉Follow.ForecastCity.com
FREE Telegrams:
👉t.me/ForecastCity_com
👉t.me/Free_Forex_AI
👉t.me/Free_Crypto_AI
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.