BCHBTC , TP1 HIT ---> With 21685 pips profit !!BITCOINCASH/BITCOIN
New trading suggestion:
*The price is in a range bound, but we forecast the uptrend would begin.
*There is still possibility of temporary retracement to suggested NEW support zone (0.0895 to 0.0871), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0895)
Ending of entry zone (0.0871)
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 "Trough" , 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:
Midterm forecast:
While the price is above the support 0.0510, beginning of uptrend is expected.
We make sure when the resistance at 0.1210 breaks.
If the support at 0.0510 is broken, the short-term forecast -beginning of uptrend- will be invalid .
Technical analysis:
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 70.
Total Profit: 21685 pip
Closed trade(s): 1221 pip Profit
Open trade(s): 20464 pip Profit
Trade Setup:
We opened 9 BUY trade(s) @ 0.09179 based on 'Valley' entry method at 2018.04.16.(we use SimpleFX.com standard charts as reference)
Closed Profit:
TP1 @ 0.10400 touched at 2018.04.18 with 1221 pip Profit.
Open Profit:
Profit for one trade is 0.11737(current price) - 0.09179(open price) = 2558 pip
8 trade(s) still open, therefore total profit for open trade(s) is 2558 x 8 = 20464 pip
Take Profits:
TP1= @ 0.1040
TP2= @ 0.1210
TP3= @ 0.1330
TP4= @ 0.1480
TP5= @ 0.1610
TP6= @ 0.1770
TP7= @ 0.2010
TP8= @ 0.2440
TP9= Free
