- While the price is above the support 279.80, resumption of uptrend is expected.
- We make sure when the resistance at 1617.95 breaks.
- If the support at 279.80 is broken, the short-term forecast -resumption of uptrend- will be invalid.
- We will close our open trades, if the Midterm level 279.80 is broken.
Price is in the Buy Zone (610.30 to 467.40), we would set orders based on Price Action and expect to reach short-term targets.
- Beginning of entry zone (610.30 )
- Ending of entry zone (467.40)
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough", 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:
- Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
- Relative strength index ( ) is 27.
TP1= @ 748.60
TP2= @ 832.10
TP3= @ 945.70
TP4= @ 1120.15
TP5= @ 1292.20
TP6= @ 1538.95
TP7= @ 2026.20
TP8= @ 2811.15
TP9= @ 4088.05
Total Profit: 539266 pip
Closed trade(s): 179930 pip Profit
Open trade(s): 359336 pip Profit
We opened 9 BUY trade(s) @ 627.89 based on 'Two-Day reversal candle (Hammer in D2 time frame)' entry method at 2018.04.07.
TP1 @ 748.60 touched at 2018.04.13 with 12071 pip Profit.
TP2 @ 832.10 touched at 2018.04.18 with 20421 pip Profit.
TP3 @ 945.70 touched at 2018.04.19 with 31781 pip Profit.
TP4 @ 1120.15 touched at 2018.04.20 with 49226 pip Profit.
TP5 @ 1292.20 touched at 2018.04.23 with 66431 pip Profit.
12071 + 20421 + 31781 + 49226 + 66431 = 179930 pip
Profit for one trade is 1526.23(current price) - 627.89(open price) = 89834 pip
4 trade(s) still open, therefore total profit for open trade(s) is 89834 x 4 = 359336 pip
TP6= @ 2026.20
TP7= @ 2811.15
TP8= @ 4088.05
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 85.
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