New trading suggestion: There is possibility of temporary retracement to suggested resistance line (110.30), if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Midterm forecast: While the level 110.30 is not broken, the Midterm wave will be downtrend. Price may also reach 110.30, 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 110.30 is broken.
Trade Setup: We opened 9 SELL trade(s) @ 115.75 (day close price) based on 'Two-day reversal candle ( 2-day Shooting Star )' at 02.09.2018 signaled by our "Daily Trading Opportunity". Total Profit: 5240pip Closed trade(s): 1130 pip Profit Open trade(s): 4110 pip Profit
Closed Profit: TP1 @ 113.40 touched at 02.28.2018 with 235 pip Profit. TP2 @ 112.25 touched at 03.07.2018 with 350 pip Profit. TP3 @ 110.30 touched at 04.20.2018 with 545 pip Profit. 235 + 350 + 545 = 1130
Open Profit: Profit for one trade is 115.75(open price) - 108.90(current price) = 685 pip 6 trade(s) still open, therefore total profit for open trade(s) is 685 x 6 = 4110 pip
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.