*The price is in an uptrend and we forecast the uptrend would continue.
*There is still a possibility of temporary retracement to suggested support line (0.07200). if so, traders can set orders based on Price Action and expect to reach short-term targets.
While the level 0.07200 is not broken, the Midterm wave will be uptrend.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
( ) is 48.
TP1= @ 0.06050
TP2= @ 0.07200
TP3= @ 0.07750
TP4= @ 0.08600
TP5= @ 0.10000
TP6= @ 0.11050
TP7= @ 0.12150
TP8= @ 0.15150
We opened 9 BUY trade(s) @ 0.05474 based on 'Hammer' entry method at 2018.04.04.
Total Profit: 17562 pip
Closed trade(s): 4578 pip Profit
Open trade(s): 12984 pip Profit
TP1 @ 0.06050 touched at 2018.04.11 with 576 pip Profit.
TP2 @ 0.07200 touched at 2018.04.24 with 1726 pip Profit.
TP3 @ 0.07750 touched at 2018. 05 .03 with 2276 pip Profit.
576 + 1726 + 2276 = 4578 pip
Profit for one trade is 0.07638(current price) - 0.05474(open price) = 2164 pip
6 trade(s) still open, therefore total profit for open trade(s) is 2164 x 6 = 12984 pip