ForecastCity

A trading opportunity to buy in TRXUSD

Long
ForecastCity Updated   
BITFINEX:TRXUSD   TRON
Technical analysis:
. TRON/DOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 66.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.018070 to 0.015690). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.018070)
Ending of entry zone (0.015690)

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= @ 0.024900
TP2= @ 0.027650
TP3= @ 0.032170
TP4= @ 0.040500
TP5= @ 0.045200
TP6= @ 0.050600
TP7= @ 0.055750
TP8= @ 0.066290
TP9= @ 0.081300
TP10= @ 0.100410
TP11= Free
Trade active:
Weekly update: TP3 hit with 56903 pip profit ...

Trade Setup:
We opened 11 BUY trade(s) @ 0.021147 based on '2-Day Hammer' entry method at 12.28.2018.

Total Profit: 56903 pip
Closed trade(s): 21279 Profit
Open trade(s): 35624 Profit

Closed Profit:
TP1 @ 0.024900 touched at 01.07.2019 with 3753 Profit.
TP2 @ 0.027650 touched at 01.08.2019 with 6503 Profit.
TP3 @ 0.032170 touched at 01.09.2019 with 11023 Profit.
3753 + 6503 + 11023 = 21279

Open Profit:
Profit for one trade is 0.025600 (current price) - 0.021147 (open price) = 4453
8 trade(s) still open, therefore total profit for open trade(s) is 4453 x 8 = 35624
All SLs moved to Break-even point.

Take Profit:
TP4= @ 0.040500
TP5= @ 0.045200
TP6= @ 0.050600
TP7= @ 0.055750
TP8= @ 0.066290
TP9= @ 0.081300
TP10= @ 0.100410
TP11= Free

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