While the price is above the support 4184.50, beginning of uptrend is expected.
We make sure when the resistance at 7297.45 breaks.
If the support at 4184.50 is broken, the short-term forecast -beginning of uptrend- will be invalid.Trading suggestion: There is possibility of temporary retracement to suggested Buy Zone (5110.00 to 4184.50), if so, we would set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (5110.00)
Ending of entry zone (4184.50)
Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough", in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:Technical analysis:
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
BTCEUR , TP3 hit with 1940139 profit. NEW Buy Opportunity... BITCOIN/EURO New trading suggestion: *The price is in an up trend and we forecast the uptrend would continue. *There is possibility of temporary retracement to suggested support line (6299.85), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "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. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Trade Setup: We opened 9 BUY trade(s) @ 5514.00 based on 'Hammer in D2 time frame' entry method at 2018.04.07.
Total Profit: 1940139 pip Closed trade(s): 678585 pip Profit Open trade(s): 1261554 pip Profit
Closed Profit: TP1 @ 6299.85 touched at 04.12.2018 with 78585 pip Profit. TP2 @ 7297.45 touched at 04.20.2018 with 178345 pip Profit. TP3 @ 9730.55 touched at 04.24.2018 with 421655 pip Profit. 78585 + 178345 + 421655 = 678585 pip
Open Profit: Profit for one trade is 7616.59(current price) - 5514.00(open price) = 210259 pip 6 trade(s) still open, therefore total profit for open trade(s) is 210259 x 6 = 1471813 pip
Midterm forecast: While the level 6299.85 is not broken, the Midterm wave will be uptrend. Price may also reach 6299.85, if price reaches this level, we may enter by Daily-Trading-Opportunities, this entry depends on personal strategies. We will close our open trades, if the Midterm level 6299.85 is broken.
Technical analysis: Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 64.
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