A second chance to buy in EOS ....EOS/DOLLAR
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(12.00). 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 (12.00).
*If the support line at (12.00) is broken, the forecast (Resumption of uptrend) will be invalid.
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 reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Trade Setup:
We opened 6 BUY trade(s) @ 4.6108 (day close price) based on a reversal candle ( Hammer ) at 03.18.2018 .
Total Profit: 456662
Closed trade(s): 366560 Profit
Open trade(s): 90102 190Profit
Closed Profit:
TP1 @ 6.9500 touched at 03.21.2018 with 23392 Profit.
TP2 @ 9.5700 touched at 04.20.2018 with 29592 Profit.
TP3 @ 11.7200 touched at 04.22.2018 with 71092 Profit.
TP4 @ 14.8000 touched at 04.24.2018 with 101892 Profit.
TP5= @ 18.6700 touched at 04.24.2018 with 140592 Profit.
23392 + 29592 + 71092 + 101892 + 140592 = 366560
Open Profit:
Profit for one trade is 13.6210(current price) - 4.6108(open price) = 90102
1 trade(s) still open, therefore total profit for open trade(s) is 90102 x 1 = 90102
All SLs moved to Break-even point.
Take Profits:
TP6= Free
Technical analysis:
Eos/Dollar is in a range bound and resumption of uptrend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 51.
