Priceline of NEM / US Dollar has formed a bullish BAT pattern and entered in potential reversal zone to hit the sell targets soon insha Allah.
But Volume profile of complete pattern is showing that traders are still interested to trade below the PRZ area and MACD is still bearish moreover the Stochastic is oversold but did not give bull cross sofar, so for secure trade we can we can wait for MACD to turn weak bearish or stochastic to give bull cross then buy.
I have used Fibonacci sequence to set the targets:
Buy between: 0.05332389 to 0.04410869
Sell between: 0.07502190 to 0.10839231
Regards,
Atif Akbar (moon333)
But Volume profile of complete pattern is showing that traders are still interested to trade below the PRZ area and MACD is still bearish moreover the Stochastic is oversold but did not give bull cross sofar, so for secure trade we can we can wait for MACD to turn weak bearish or stochastic to give bull cross then buy.
I have used Fibonacci sequence to set the targets:
Buy between: 0.05332389 to 0.04410869
Sell between: 0.07502190 to 0.10839231
Regards,
Atif Akbar (moon333)
