A second Chance to Buy TRXETH ...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 below the 21-Day WEMA which acts as a dynamic resistance.
. Relative strength index ( RSI ) is 50.
New trading suggestion:
*There is still a possibility of temporary retracement to suggested support line (0.00010430). 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 (0.00010430).
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 7 BUY trade(s) @ 0.00007474 based on '2-Day Hammer' entry method at 08.23.2018.
Total Profit: 20792 pip
Closed trade(s): 10604 Profit
Open trade(s): 10188 Profit
Closed Profit:
TP1 @ 0.000084 touched at 08.26.2018 with 926 Profit.
TP2 @ 0.000094 touched at 08.28.2018 with 1926 Profit.
TP3 @ 0.000104 touched at 09.21.2018 with 2926 Profit.
TP4 @ 0.000123 touched at 10.08.2018 with 4826 Profit.
926 + 1926 + 2926 + 4826 = 10604
Open Profit:
Profit for one trade is 0.00010870 (current price) - 0.00007474 (open price) = 3396
3 trade(s) still open, therefore total profit for open trade(s) is 3396 x 3 = 10188
All SLs moved to Break-even point.
Take Profit:
TP5= @ 0.000145
TP6= @ 0.000319
TP7= Free
