A second Chance to Buy XMRETH ...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 55.
New trading suggestion:
*The price is in a range bound and we forecast the uptrend would resume.
*There is still a possibility of temporary retracement to suggested support line (0.483). 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 (0.483).
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 8 BUY trade(s) @ 0.28887253 based on 'Valley' entry method at 08.11.2018.
Total Profit: 130523966 pip
Closed trade(s): 84976482 Profit
Open trade(s): 45547484 Profit
Closed Profit:
TP1 @ 0.310 touched at 08.13.2018 with 2112747 Profit.
TP2 @ 0.339 touched at 08.18.2018 with 5012747 Profit.
TP3 @ 0.374 touched at 08.31.2018 with 8512747 Profit.
TP4 @ 0.455 touched at 09.03.2018 with 16612747 Profit.
TP5 @ 0.512 touched at 09.06.2018 with 22312747 Profit.
TP6 @ 0.593 touched at 09.12.2018 with 30412747 Profit.
2112747 + 5012747 + 8512747 + 16612747 + 22312747 + 30412747 = 84976482
Open Profit:
Profit for one trade is 0.51660995 (current price) - 0.28887253 (open price) = 22773742
2 trade(s) still open, therefore total profit for open trade(s) is 22773742 x 2 = 45547484
All SLs moved to Break-even point.
Take Profit:
TP7= @ 0.697
TP8= Free
XLong
