There is no trend in the market and the price is in a range bound, but we forecast beginning of uptrend.
. Price is above WEMA21, if price rises more, this line can act as a dynamic support against more gains.
. ( ) is 78.
New trading suggestion:
*The price is in a range bound and we forecast the uptrend would begin.
*There is still a possibility of temporary retracement to suggested support line (14.26790000). 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 (14.26790000).
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 8 BUY trade(s) @ 12.94164898 (day close price) based on a reversal candle (Valley) at 06.12.2019 .
Total Profit: 4841435731
Closed trade(s): 1383146306 Profit
Open trade(s): 3458289425 Profit
TP1 @ 14.26790000 touched at 2019.03.31 with 132625102 Profit.
TP2 @ 17.63851000 touched at 2019.04.02 with 469686102 Profit.
TP3 @ 20.75000000 touched at 2019.04.02 with 780835102 Profit.
132625102 + 469686102 + 780835102 = 1383146306
Profit for one trade is 19.85822783(current price) - 12.94164898 (open price) = 691657885
5 trade(s) still open, therefore total profit for open trade(s) is 691657885 x 5 = 3458289425
All SLs moved to Break-even point.
TP4= @ 24.99556000
TP5= @ 31.86434000
TP6= @ 43.90000000
TP7= @ 93.13590000