A trading opportunity to buy in DOGEUSD
Updated
Technical analysis:
. DOGECOIN/DOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0023 to 0.0015). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0023)
Ending of entry zone (0.0015)
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 the 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:
Take Profits:
TP1= @ 0.0031
TP2= @ 0.0039
TP3= @ 0.0047
TP4= @ 0.0059
TP5= @ 0.0074
TP6= @ 0.0101
TP7= Free
. DOGECOIN/DOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0023 to 0.0015). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0023)
Ending of entry zone (0.0015)
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 the 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:
Take Profits:
TP1= @ 0.0031
TP2= @ 0.0039
TP3= @ 0.0047
TP4= @ 0.0059
TP5= @ 0.0074
TP6= @ 0.0101
TP7= Free
Trade active
Weekly update: TP1 hit with 710186 profit ... Trade Setup:
We opened 7 BUY trade(s) @ 0.00256778 based on 'Valley' entry method at 08.17.2018.
Total Profit: 710186 pip
Closed trade(s): 53222 Profit
Open trade(s): 656964 Profit
Closed Profit:
TP1 @ 0.0031 touched at 08.30.2018 with 53222 Profit.
Open Profit:
Profit for one trade is 0.00366272(current price) - 0.00256778 (open price) = 109494
6 trade(s) still open, therefore total profit for open trade(s) is 109494 x 6 = 656964
All SLs moved to Break-even point.
Take Profit:
TP2= @ 0.0039
TP3= @ 0.0047
TP4= @ 0.0059
TP5= @ 0.0074
TP6= @ 0.0101
TP7= Free
Trade active
Weekly update: TP4 hit with 1509330 pip profit ... Trade Setup:
We opened 7 BUY trade(s) @ 0.00256778 based on 'Valley' entry method at 08.17.2018.
Total Profit: 1509330 pip
Closed trade(s): 732888 Profit
Open trade(s): 776442 Profit
Closed Profit:
TP1 @ 0.0031 touched at 08.30.2018 with 53222 Profit.
TP2 @ 0.0039 touched at 08.31.2018 with 133222 Profit.
TP3 @ 0.0047 touched at 08.31.2018 with 213222 Profit.
TP4 @ 0.0059 touched at 09.01.2018 with 333222 Profit.
53222 + 133222 + 213222 + 333222 = 732888
Open Profit:
Profit for one trade is 0.00515592 (current price) - 0.00256778 (open price) = 258814
3 trade(s) still open, therefore total profit for open trade(s) is 258814 x 3 = 776442
All SLs moved to Break-even point.
Take Profit:
TP5= @ 0.0074
TP6= @ 0.0101
TP7= Free
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🌟36 Forex Pairs
🌟175 Cryptos
🌟16 Stock & Currency Indices
🌟Gold,Silver,Oil,Gas
✅ Best Profitable Trading Strategies
✅ in 9 languages
✅ since 2007
FREE Telegram 👉 t.me/forecastcity_com
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