There is no trend in the market and the price is in a range bound, but we forecast resumption of uptrend.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. ( ) is 48.
New trading suggestion:
*There is still a possibility of temporary retracement to suggested support line (0.002331). if so, traders can set orders based on Price Action and expect to reach short-term targets.
*If you missed our first HUNT, you have a second chance to buy above the suggested support line (0.002331).
Signal to enter the market occurs when the price comes to "Support line" 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 special version of our "Price Action" strategy FOLLOW our lessons:
We opened 10 BUY trade(s) @ 0.00177632 based on 'Valley' entry method at 08.17.2018.
Total Profit: 617865 pip
Closed trade(s): 263840 Profit
Open trade(s): 354025 Profit
TP1 @ 0.00186 touched at 08.19.2018 with 8368 Profit.
TP2 @ 0.00203 touched at 08.26.2018 with 25368 Profit.
TP3 @ 0.00230 touched at 08.27.2018 with 52368 Profit.
TP4 @ 0.00245 touched at 08.28.2018 with 67368 Profit.
TP5 @ 0.00288 touched at 09.09.2018 with 110368 Profit.
8368 + 25368 + 52368 + 67368 + 110368 = 263840
Profit for one trade is 0.00248437 (current price) - 0.00177632 (open price) = 70805 pip
5 trade(s) still open, therefore total profit for open trade(s) is 70805 x 5 = 354025 pip
All SLs moved to Break-even point.