Is in a range bound and the resumption of uptrend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 49.
The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the beginning of uptrend is increased.
Trading suggestion:
- Beginning of entry zone (6.3864).
- Ending of entry zone (4.4910).
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.
SUGGEST YOUR SUGGESTION IF ANY.
THANK YOU.
