ForecastCity
Long

A trading opportunity to buy in EDOETH

BINANCE:EDOETH   Eidoo / Ethereum
Technical analysis:
EIDOO/ETHEREUN is in an uptrend and the continuation of uptrend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 69.

Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (0.004580 to 0.004039). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.004580)
Ending of entry zone (0.004039)

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. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:

Take Profits:
TP1= @ 0.005043
TP2= @ 0.005829
TP3= @ 0.006309
TP4= @ 0.007510
TP5= Free
Trade active: Weekly update: TP4 hit with 7071 pip profit ...


Trade Setup:
We opened 5 BUY trade(s) @ 0.005044 based on 'Hammer' entry method at 10.10.2018.


Total Profit: 7071 pip
Closed trade(s): 4516 Profit
Open trade(s): 2555 Profit

Closed Profit:
TP1 @ 0.005043 touched with 0 Profit.
TP2 @ 0.005829 touched at 10.18.2018 with 785 Profit.
TP3 @ 0.006309 touched at 10.23.2018 with 1265 Profit.
TP4 @ 0.007510 touched at 11.07.2018 with 2466 Profit.
785 + 1265 + 2466 = 4516

Open Profit:
Profit for one trade is 0.007599 (current price) - 0.005044 (open price) = 2555
1 trade(s) still open, therefore total profit for open trade(s) is 2555 x 1 = 2555
All SLs moved to Break-even point.

Take Profit:
TP5= Free
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