There is no trend in the market and the price is in a range bound, but we forecast resumption of uptrend.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. ( ) is 55.
New trading suggestion:
*The price is in a range bound and we forecast the uptrend would resume.
*There is still a possibility of temporary retracement to suggested support line (0.483). 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 (0.483).
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 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:
We opened 8 BUY trade(s) @ 0.28887253 based on 'Valley' entry method at 08.11.2018.
Total Profit: 130523966 pip
Closed trade(s): 84976482 Profit
Open trade(s): 45547484 Profit
TP1 @ 0.310 touched at 08.13.2018 with 2112747 Profit.
TP2 @ 0.339 touched at 08.18.2018 with 5012747 Profit.
TP3 @ 0.374 touched at 08.31.2018 with 8512747 Profit.
TP4 @ 0.455 touched at 09.03.2018 with 16612747 Profit.
TP5 @ 0.512 touched at 09.06.2018 with 22312747 Profit.
TP6 @ 0.593 touched at 09.12.2018 with 30412747 Profit.
2112747 + 5012747 + 8512747 + 16612747 + 22312747 + 30412747 = 84976482
Profit for one trade is 0.51660995 (current price) - 0.28887253 (open price) = 22773742
2 trade(s) still open, therefore total profit for open trade(s) is 22773742 x 2 = 45547484
All SLs moved to Break-even point.
TP7= @ 0.697