ForecastCity
Long

A trading opportunity to buy is near in BCHETH

BITFINEX:BCHETH   None
Technical analysis:
. BITCOINCASH/ETHEREUM is in a range bound and 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:
. The price is in a range bound and we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone (1.71 to 1.62). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (1.71)
Ending of entry zone (1.62)

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 the special version of our "Price Action" strategy FOLLOW our lessons:

Take Profits:
TP1= @ 1.90
TP2= @ 2.00
TP3= @ 2.23
TP4= @ 2.73
TP5= @ 3.23
TP6= @ 3.72
TP7= @ 5.30
TP8= Free
Trade active: Weekly update: TP3 hit with 13607 pip profit ...


Trade Setup:
We opened 8 BUY trade(s) @ 1.7221 based on 'Valley' entry method at 08.10.2018.


Total Profit: 13607 pip
Closed trade(s): 9637 Profit
Open trade(s): 3970 Profit

Closed Profit:
TP1 @ 1.90 touched at 08.14.2018 with 1779 Profit.
TP2 @ 2.00 touched at 09.01.2018 with 2779 Profit.
TP3 @ 2.23 touched at 09.01.2018 with 5079 Profit.
1779 + 2779 + 5079 = 9637

Open Profit:
Profit for one trade is 2.3415 (current price) - 1.7221 (open price) = 6194
5 trade(s) still open, therefore total profit for open trade(s) is 6194 x 5 = 3970
All SLs moved to Break-even point.

Take Profit:
TP4= @ 2.73
TP5= @ 3.23
TP6= @ 3.72
TP7= @ 5.30
TP8= Free
Trade active: Weekly update: TP4 hit with 48940 pip profit ...


Trade Setup:
We opened 8 BUY trade(s) @ 1.7221 based on 'Valley' entry method at 08.10.2018.


Total Profit: 48940 pip
Closed trade(s): 19716 Profit
Open trade(s): 29224 Profit

Closed Profit:
TP1 @ 1.90 touched at 08.14.2018 with 1779 Profit.
TP2 @ 2.00 touched at 09.01.2018 with 2779 Profit.
TP3 @ 2.23 touched at 09.01.2018 with 5079 Profit.
TP4 @ 2.73 touched at 09.01.2018 with 10079 Profit.
1779 + 2779 + 5079 + 10079 = 19716

Open Profit:
Profit for one trade is 2.4527 (current price) - 1.7221 (open price) = 7306
4 trade(s) still open, therefore total profit for open trade(s) is 7306 x 4 = 29224
All SLs moved to Break-even point.

Take Profit:
TP5= @ 3.23
TP6= @ 3.72
TP7= @ 5.30
TP8= Free
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Excellent! as always!
Thank You for sharing!
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