ForecastCity
Long

There is a possibility for the beginning of an uptrend in REPETH

POLONIEX:REPETH   Augur / Ethereum
Technical analysis:
. AUGUR/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.05776361 to 0.05223350). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.05776361)
Ending of entry zone (0.05223350)

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 the 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:

Take Profits:
TP1= @ 0.06767831
TP2= @ 0.08000077
TP3= @ 0.09022341
TP4= @ 0.10032174
TP5= @ 0.11462851
TP6= @ 0.13282898
TP7= @ Free
Trade active: Weekly update: TP2 hit with 5865303 pip profit ...


Trade Setup:
We opened 7 BUY trade(s) @ 0.06430000 based on '2-Day Hammer' entry method at 11.20.2018.


Total Profit: 5865303 pip
Closed trade(s): 1907908 Profit
Open trade(s): 3957395 Profit

Closed Profit:
TP1 @ 0.06767831 touched at 11.22.2018 with 337831 Profit.
TP2 @ 0.08000077 touched at 11.22.2018 with 1570077 Profit.
337831 + 1570077 = 1907908

Open Profit:
Profit for one trade is 0.07221479 (current price) - 0.06430000 (open price) = 791479
5 trade(s) still open, therefore total profit for open trade(s) is 791479 x 5 = 3957395
All SLs moved to Break-even point.

Take Profit:
TP3= @ 0.09022341
TP4= @ 0.10032174
TP5= @ 0.11462851
TP6= @ 0.13282898
TP7= @ Free
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