ForecastCity

EOS . New Buy Zone, Target & New Buying Opportunity in EOSUSD

Long
ForecastCity Updated   
Technical analysis:
. EOS/DOLLAR is in a down trend and Beginning of up trend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 30.

Trading suggestion:
Although current trend is downtrend, but we forecast a uptrend wave would begin in Midterm.
Price is in the Buy Zone (5.18 to 4.43), we would set orders based on Price Action and expect to reach short-term targets.

. Beginning of entry zone (5.18)
. Ending of entry zone (4.43)

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:
(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)

Take Profits:
TP1= @ 06.95
TP2= @ 09.57
TP3= @ 11.72
TP4= @ 14.80
TP5= @ 18.67
TP6= Free
Trade active:
EOSUSD , weekly update: Total profit 77577 in 17 days
Trade active:
EOSUSD , TP3 hit with 339488 Total profit in 35 days...!!
EOS / DOLLAR
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 (7.4281), if so, traders can set orders based on Price Action and expect to reach short-term targets.

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 "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:
Trade Setup:
We opened 6 BUY trade(s) @ 4.6108 (day close price) based on a reversal candle ( Hammer ) at 03.18.2018 .
Total Profit: 339488
Closed trade(s): 124076 Profit
Open trade(s): 215412 Profit

Closed Profit:
TP1 @ 6.9500 touched at 03.21.2018 with 23392 Profit.
TP2 @ 9.5700 touched at 04.20.2018 with 29592 Profit.
TP3 @ 11.7200 touched at 04.22.2018 with 71092 Profit.
23392 + 29592 + 71092 = 124076

Open Profit:
Profit for one trade is 11.7908(current price) - 4.6108(open price) = 71804
3 trade(s) still open, therefore total profit for open trade(s) is 71804 x 3 = 215412
All SLs moved to Break-even point.

Take Profit:
TP4= @ 14.80
TP5= @ 18.67
TP6= Free

Technical analysis:
Eos/Dollar is in an up trend and Continuation of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
Relative strength index ( RSI ) is 77.
Trade active:
TP4 hit with 416572 profit in 36 days. NEW Buy Opportunity.
EOS/DOLLAR
New trading suggestion:
*The price is in an up trend, and we forecast the uptrend would Continue.
*There is still possibility of temporary retracement to suggested support line (9.57), if so, traders can set orders based on Price Action and expect to reach short-term targets.

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 "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:
Price Action Lesson 3: Hammer, The first sign of beginning ...

Trade Setup:
We opened 6 BUY trade(s) @ 4.6108 (day close price) based on a reversal candle ( Hammer ) at 03.18.2018 .
EOS . New Buy Zone, Target & New Buying Opportunity in EOSUSD

Total Profit: 416572
Closed trade(s): 225968 Profit
Open trade(s): 190604 190Profit

Closed Profit:
TP1 @ 6.9500 touched at 03.21.2018 with 23392 Profit.
TP2 @ 9.5700 touched at 04.20.2018 with 29592 Profit.
TP3 @ 11.7200 touched at 04.22.2018 with 71092 Profit.
TP4 @ 14.8000 touched at 04.24.2018 with 101892 Profit.
23392 + 29592 + 71092 + 101892 = 225968

Open Profit:
Profit for one trade is 14.1410(current price) - 4.6108(open price) = 95302
2 trade(s) still open, therefore total profit for open trade(s) is 95302 x 2 = 190604
All SLs moved to Break-even point.

Take Profits:
TP5= @ 18.67
TP6= Free

Technical analysis:
Eos/Dollar is in an up trend and Continuation of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
Relative strength index ( RSI ) is 77.

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