ForecastCity
Long

Monero , A great opportunity to buy in XMRUSD. catch it !!

KRAKEN:XMRUSD   Monero / U.S. Dollar
Technical analysis:
  • MONERO/DOLLAR is in a down trend and Beginning of up trend is expected.
  • The price is below the 21-Day WEMA which acts as a dynamic resistance.
  • The RSI is at 37.

    Trading suggestion:
    *The price is in a down trend, but we forecast the uptrend would begin.
    *There is possibility of temporary retracement to suggested support zone (196 to 153), if so, traders can set orders based on Price Action and expect to reach short-term targets.

  • Beginning of entry zone (196)
  • Ending of entry zone (153)
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:

(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)

Take Profits:
TP1= @ 230
TP2= @ 258
TP3= @ 300
TP4= @ 330
TP5= @ 378
TP6= @ 469
TP7= Free
Trade closed: stop reached: The break-even stop hit

Total Profit: 72960 pip
Closed trade(s): 72960 pip Profit
Open trade(s): 0 pip Profit

Trade Setup:
We opened 7 BUY trade(s) @ 207.52(day close price) based on a reversal candle ( Hammer ) at 03.18.2018 .

Closed Profit:
TP1 @ 230 touched at 04.18.2018 with 2248 Profit.
TP2 @ 258 touched at 04.20.2018 with 5048 Profit.
2248 + 5048 = 72960

All 5 trades closed at entry price, therefore no profit no loss.
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right on the mark. Nice chart.
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