Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (1.4015 to 1.4240). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

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

• Beginning of entry zone (1.4015)
• Ending of entry zone (1.4240)

Midterm forecast:

• 1.40150 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

• A trough is formed in daily chart at 1.3608 on 09/22/2021, so more gains to resistance(s) 1.3730 and maximum to Major Resistance (1.4015) is expected.
• Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
• Relative strength index (RSI) is 44.

Take Profits:

1. 1.3730
2. 1.3655
3. 1.3460
4. 1.3200
5. 1.3005
6. 1.2695
7. 1.2250
8. 1.1960