There is a possibility for the beginning of an uptrend in XMRUSD
Updated
Technical analysis:
. MONERO/DOLLAR is in a downtrend 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 39.
. 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 (84.00 to 73.00). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (84.00)
Ending of entry zone (73.00)
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= @ 105.00
TP2= @ 130.00
TP3= @ 149.00
TP4= @ 170.00
TP5= @ 192.00
TP6= @ 227.00
TP7= @ 258.00
TP8= @ 298.00
TP9= @ 378.00
TP10= @ 469.00
TP11= Free
. MONERO/DOLLAR is in a downtrend 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 39.
. 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 (84.00 to 73.00). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (84.00)
Ending of entry zone (73.00)
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= @ 105.00
TP2= @ 130.00
TP3= @ 149.00
TP4= @ 170.00
TP5= @ 192.00
TP6= @ 227.00
TP7= @ 258.00
TP8= @ 298.00
TP9= @ 378.00
TP10= @ 469.00
TP11= Free
Trade active
Weekly update: TP1 hit with 9943 profit ... Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (84.00 to 73.00). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (84.00)
Ending of entry zone (73.00)
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 11 BUY trade(s) @ 89.47 based on ' Valley' entry method at 08.15.2018.
Total Profit: 9943
Closed trade(s): 1553 Profit
Open trade(s): 8390 Profit
Closed Profit:
TP1 @ 105.00 touched at 08.27.2018 with 1553 Profit.
Open Profit:
Profit for one trade is 97.86 (current price) - 89.47 (open price) = 839
10 trade(s) still open, therefore total profit for open trade(s) is 839 x 10 = 8390
All SLs moved to Break-even point.
Take Profit:
TP2= @ 130.00
TP3= @ 149.00
TP4= @ 170.00
TP5= @ 192.00
TP6= @ 227.00
TP7= @ 258.00
TP8= @ 298.00
TP9= @ 378.00
TP10= @ 469.00
TP11= Free
Trade active
Weekly update: TP2 hit with 46133 pip profit ... Trade Setup:
We opened 11 BUY trade(s) @ 89.47 based on ' Valley' entry method at 08.15.2018.
Total Profit: 46133 pip
Closed trade(s): 5606 Profit
Open trade(s): 40527 Profit
Closed Profit:
TP1 @ 105.00 touched at 08.27.2018 with 1553 Profit.
TP2 @ 130.00 touched at 08.27.2018 with 4053 Profit.
1553 + 4053 = 5606
Open Profit:
Profit for one trade is 134.50 (current price) - 89.47 (open price) = 4503
9 trade(s) still open, therefore total profit for open trade(s) is 4503 x 9 = 40527
All SLs moved to Break-even point.
Take Profit:
TP3= @ 149.00
TP4= @ 170.00
TP5= @ 192.00
TP6= @ 227.00
TP7= @ 258.00
TP8= @ 298.00
TP9= @ 378.00
TP10= @ 469.00
TP11= 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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