Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.72016 to 0.71687). 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 (0.72016)
• Ending of entry zone (0.71687)

Midterm forecast:

• While the price is below the resistance 0.78105, beginning of downtrend is expected.
• We make sure when the support at 0.74687 breaks.
• If the resistance at 0.78105 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

• A peak is formed in daily chart at 0.77975 on 06/09/2022, so more losses to support(s) 0.77041, 0.76175, 0.75439 and minimum to Major Support (0.74687) 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 60.

Take Profits:

1. 0.73240
2. 0.73710
3. 0.74687
4. 0.75439
5. 0.76175
6. 0.78650