Technical analysis: . KOMODO/BITCOIN 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 50.
Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00017400 to 0.00015600). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00017400) Ending of entry zone (0.00015600)
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= @ 0.000196 TP2= @ 0.000223 TP3= @ 0.000278 TP4= @ 0.000312 TP5= @ 0.000423 TP6= @ 0.000512 TP7= @ 0.000601 TP8= @ 0.000728 TP9= @ 0.000880 TP10= Free
Trade active
Weekly update: TP4 hit with 51910 pip profit ...
Trade Setup: We opened 10 BUY trade(s) @ 0.00019029 based on 'Valley' entry method at 02.11.2019.
Total Profit: 51910 pip Closed trade(s): 24784 Profit Open trade(s): 27126 Profit
Closed Profit: TP1 @ 0.000196 touched at 02.12.2019 with 571 Profit. TP2 @ 0.000223 touched at 02.12.2019 with 3271 Profit. TP3 @ 0.000278 touched at 02.17.2019 with 8771 Profit. TP4 @ 0.000312 touched at 02.17.2019 with 12171 Profit. 571 + 3271 + 8771 + 12171 = 24784
Open Profit: Profit for one trade is 0.00023550 (current price) - 0.00019029 (open price) = 4521 6 trade(s) still open, therefore total profit for open trade(s) is 4521 x 6 = 27126 All SLs moved to Break-even point.
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