There is possibility for the beginning of uptrend in VERIUSD

18 lug 2018

Technical analysis:
. VERITASEUM/DOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 44.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the beginning of uptrend is increased.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (47.00 to 39.00). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (47.00)
Ending of entry zone (39.00)

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 reversal patterns is formed in the zone.
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