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.
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 6 BUY trade(s) @ 4.6108 (day close price) based on a reversal candle ( ) at 03.18.2018 .
Total Profit: 339488
Closed trade(s): 124076 Profit
Open trade(s): 215412 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
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.
TP4= @ 14.80
TP5= @ 18.67
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.
( ) is 77.