A New Trading Opportunity to Buy. TP3 hit with 127292224 profit.SYSCOIN/DOLLAR
New trading suggestion:
*The price is in an up trend, and we forecast the uptrend would Continue.
* There is still possibility of temporary retracement to suggested support line (0.4514) , 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 6 BUY trade(s) @ 0.35671305(day close price) based on a reversal candle ( Hammer ) at 03.18.2018 .
Total Profit: 127292224
Closed trade(s): 55536085 Profit
Open trade(s): 71756139 190Profit
Closed Profit:
TP1 @ 0.4514 touched at 03.20.2018 with 9468695 Profit.
TP2 @ 0.5558 touched at 04.24.2018 with 19908695 Profit.
TP3 @ 0.6183 touched at 04.28.2018 with 26158695 Profit.
9468695 + 19908695 + 26158695 = 55536085
Open Profit:
Profit for one trade is 0.59590018(current price) - 0.35671305(open price) = 23918713
3 trade(s) still open, therefore total profit for open trade(s) is 23918713 x 3 = 71756139
All SLs moved to Break-even point.
Take Profits:
TP4= @ 0.7318
TP5= @ 1.0226
TP6= Free
Technical analysis:
Syscoin/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 69.
