There is a possibility for the beginning of an uptrend in ARKUSD
Technical analysis:
. ARK/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 58.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.585 to 0.469). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.585)
Ending of entry zone (0.469)
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 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:
Take Profits:
TP1= @ 0.825
TP2= @ 1.0013
TP3= @ 1.192
TP4= @ 1.655
TP5= @ 2.454
TP6= @ 3.816
TP7= @ 4.918
TP8= @ 7.586
TP9= @ 9.583
TP10= @ 11.41
TP11= Free
. ARK/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 58.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.585 to 0.469). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.585)
Ending of entry zone (0.469)
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 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:
Take Profits:
TP1= @ 0.825
TP2= @ 1.0013
TP3= @ 1.192
TP4= @ 1.655
TP5= @ 2.454
TP6= @ 3.816
TP7= @ 4.918
TP8= @ 7.586
TP9= @ 9.583
TP10= @ 11.41
TP11= Free
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🌟36 Forex Pairs
🌟175 Cryptos
🌟16 Stock & Currency Indices
🌟Gold,Silver,Oil,Gas
✅ Best Profitable Trading Strategies
✅ in 9 languages
✅ since 2007
FREE Telegram 👉 t.me/forecastcity_com
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