XMRUSD ,TP2 hit with 27491 pip profit. The new Buy opportunity..MONERO / DOLLAR
New trading suggestion:
*The price is in an up trend and we forecast the uptrend would continue.
*There is possibility of temporary retracement to suggested support line (200), 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 7 BUY trade(s) @ 207.52(day close price) based on a reversal candle ( Hammer ) at 03.18.2018 .
Total Profit: 27491
Closed trade(s): 7296 Profit
Open trade(s): 20195 Profit
Closed Profit:
TP1 @ 230 touched at 04.18.2018 with 2248 Profit.
TP2 @ 258 touched at 04.20.2018 with 5048 Profit.
2248 + 5048 = 7296
Open Profit:
Profit for one trade is 247.91(current price) - 207.52(open price) = 4039
5 trade(s) still open, therefore total profit for open trade(s) is 4039 x 5 = 20195
All SLs moved to Break-even point.
Take Profit:
TP1= @ 230
TP2= @ 258
TP3= @ 300
TP4= @ 330
TP5= @ 378
TP6= @ 469
TP7= Free
Technical analysis:
Monero/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 61.
