ForecastCity
Long

TP4 hit with 416572 profit in 36 days. NEW Buy Opportunity.

BITFINEX:EOSUSD   EOS / Dollar
EOS/DOLLAR
New trading suggestion:
*The price is in an up trend, and we forecast the uptrend would Continue.
*There is still possibility of temporary retracement to suggested support line (9.57), 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 6 BUY trade(s) @ 4.6108 (day close price) based on a reversal candle ( Hammer ) at 03.18.2018 .
Total Profit: 416572
Closed trade(s): 225968 Profit
Open trade(s): 190604 190Profit

Closed Profit:
TP1 @ 6.9500 touched at 03.21.2018 with 23392 Profit.
TP2 @ 9.5700 touched at 04.20.2018 with 29592 Profit.
TP3 @ 11.7200 touched at 04.22.2018 with 71092 Profit.
TP4 @ 14.8000 touched at 04.24.2018 with 101892 Profit.
23392 + 29592 + 71092 + 101892 = 225968

Open Profit:
Profit for one trade is 14.1410(current price) - 4.6108(open price) = 95302
2 trade(s) still open, therefore total profit for open trade(s) is 95302 x 2 = 190604
All SLs moved to Break-even point.

Take Profits:
TP5= @ 18.67
TP6= Free

Technical analysis:
Eos/Dollar is in an up trend and Continuation of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
Relative strength index ( RSI ) is 77.
http://www.ForecastCity.com

★ For having access to the latest forecasts at the time they publish, the latest NEWS, and many other privileges, please subscribe to the ForecastCity.com
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out