Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.2390 to 0.2200). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

• Beginning of entry zone (0.2390)
• Ending of entry zone (0.2200)

Midterm forecast:

• 0.3030 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:

• A peak is formed in daily chart at 0.3950 on 11/11/2023, so more losses to support(s) 0.3484 and minimum to Major Support (0.3030) is expected.
• Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
• Relative strength index (RSI) is 65.

Take Profits:

1. 0.2735
2. 0.3030
3. 0.3484
4. 0.3795
5. 0.4215
6. 0.4615
7. 0.5950
8. 0.6695
9. 0.9060
10. 1.2450
11. 1.6345
12. 1.9097
13. 2.3797
14. 3.1000