A second Chance to Buy in BNBETH...Midterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast resumption of uptrend.
Technical analysis:
. The price is above the 21-Day WEMA which acts as a dynamic support.
. Relative strength index (RSI) is 45.
New trading suggestion:
*There is still a possibility of temporary retracement to suggested support line (0.0345). if so, traders can set orders based on Price Action and expect to reach short-term targets.
* If you missed our first HUNT, you have a second chance to buy above the suggested support line (0.0345).
Entry signal:
Signal to enter the market occurs when the price comes to "Support line" 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 special version of our "Price Action" strategy FOLLOW our lessons:
New Take Profits:
TP1= @ 0.03450
TP2= @ 0.03951
TP3= @ 0.04200
TP4= @ 0.04550
TP5= @ 0.04940
TP6= @0.05175
TP7= Free
Trade Setup:
We opened 5 BUY trade(s) @ 0.027570 based on 'Valley' entry method at 07.25.2018.
Total Profit: 27991 pip
Closed trade(s): 11250 Profit
Open trade(s): 16741 Profit
Closed Profit:
TP1 @ 0.02669 touched with 0 Profit.
TP2 @ 0.02871 touched at 07.26.2018 with 1140 Profit.
TP3 @ 0.03075 touched at 07.28.2018 with 3180 Profit.
TP4 @ 0.03450 touched at 07.28.2018 with 6930 Profit.
0 + 1140 + 3180 + 6930 = 11250
Open Profit:
Profit for one trade is 0.044311 (current price) - 0.027570 (open price) = 16741
1 trade(s) still open, therefore total profit for open trade(s) is 16741 x 1 = 16741
All SLs moved to Break-even point.
