New trading suggestion:
*The price is in an up trend and we forecast the uptrend would continue.
*There is possibility of temporary retracement to suggested support line (6299.85), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "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 special version of our "Price Action" strategy FOLLOW our lessons:
We opened 9 BUY trade(s) @ 5514.00 based on 'Hammer in D2 time frame' entry method at 2018.04.07.
Total Profit: 1940139 pip
Closed trade(s): 678585 pip Profit
Open trade(s): 1261554 pip Profit
TP1 @ 6299.85 touched at 04.12.2018 with 78585 pip Profit.
TP2 @ 7297.45 touched at 04.20.2018 with 178345 pip Profit.
TP3 @ 9730.55 touched at 04.24.2018 with 421655 pip Profit.
78585 + 178345 + 421655 = 678585 pip
Profit for one trade is 7616.59(current price) - 5514.00(open price) = 210259 pip
6 trade(s) still open, therefore total profit for open trade(s) is 210259 x 6 = 1471813 pip
TP4= @ 9236.95
TP5= @ 10740.80
TP6= @ 12166.75
TP7= @ 14229.35
TP8= @ 16780.00
While the level 6299.85 is not broken, the Midterm wave will be uptrend.
Price may also reach 6299.85, if price reaches this level, we may enter by Daily-Trading-Opportunities, this entry depends on personal strategies.
We will close our open trades, if the Midterm level 6299.85 is broken.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
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