ForecastCity
Long

A new trading opportunity to buy in EOSUSD

BITFINEX:EOSUSD   EOS / Dollar
Technical analysis:
. EOS/DOLLAR is in a range bound and the resumption of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 47.
. The price downtrend in the daily chart is broken, so the probability of the beginning of uptrend is increased.

Trading suggestion:
. If you missed our first HUNT, you have a second chance to buy above the new suggested support zone .
. There is still a possibility of temporary retracement to suggested support zone (6.95 to 5.84). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (6.95)
Ending of entry zone (5.84)

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:

New Take Profits:
TP1= @ 9.25
TP2= @ 10.43
TP3= @ 11.72
TP4= @ 12.86
TP5= @ 14.80
TP6= @ 16.75
TP7= @ 19.53
TP8= @ 23.03
TP9= Free

We opened 6 BUY trade(s) @ 4.6108 (day close price) based on a reversal candle ( Hammer ) at 03.18.2018 in our previous suggested support zone (5.18 to 4.43).

Total Profit: 8041
Closed trade(s): 366560 Profit
Open trade(s): 36891 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.
TP4 @ 14.8000 touched at 04.24.2018 with 101892 Profit.
TP5= @ 18.6700 touched at 04.24.2018 with 140592 Profit.
23392 + 29592 + 71092 + 101892 + 140592 = 366560

Open Profit:
Profit for one trade is 8.2999(current price) - 4.6108(open price) = 36891
1 trade(s) still open, therefore total profit for open trade(s) is 36891 x 1 = 36891
All SLs moved to Break-even point.

Take Profits:
TP6= Free
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I like your detailed analysis, very much. Thank you for this and your time, offering us all this.
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