A second Chance to Buy in IOTAUSDMidterm forecast:
0.4015 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 55.
New trading suggestion:
*There is still a possibility of temporary retracement to suggested support line (0.4015). 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 (0.4015).
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 :
Trade Setup:
We opened 15 BUY trade(s) @ 0.3196 based on 'Valley' entry method at 2019.04.29.
Total Profit: 19315 pip
Closed trade(s): 4366 pip Profit
Open trade(s): 14949 149pip Profit
Closed Profit:
TP1 @ 0.3340 touched at 2019.05.13 with 144 pip Profit.
TP2 @ 0.4015 touched at 2019.05.15 with 819 pip Profit.
TP3 @ 0.4535 touched at 2019.05.16 with 1339 pip Profit.
TP4 @ 0.5260 touched at 2019.05.29 with 2064 pip Profit.
144 + 819 + 1339 + 2064 = 4366
Open Profit:
Profit for one trade is 0.4555 (current price) - 0.3196 (open price) = 1359 pip
11 trade(s) still open, therefore total profit for open trade(s) is 1359 x 11 = 14949 pip
All SLs moved to Break-even point.
Take Profits:
TP5= @ 0.6105
TP6= @ 0.7920
TP7= @ 0.9265
TP8= @ 1.1550
TP9= @ 1.4475
TP10= @ 1.7435
TP11= @ 2.2170
TP12= @ 2.6930
TP13= @ 3.3680
TP14= @ 4.2300
TP15= Free
