Technical analysis: . EOS/BINANCECOIN 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 51.
Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.5440 to 0.4940). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.5440) Ending of entry zone (0.4940)
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= @ 0.5980 TP2= @ 0.6460 TP3= @ 0.6800 TP4= @ 0.7610 TP5= @ 0.8400 TP6= @ 1.0000 TP7= @ 1.1000 TP8= Free
Trade active
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Weekly update: TP3 hit with 3593 pip profit ...
Trade Setup: We opened 8 BUY trade(s) @ 0.5718 based on 'Valley' entry method at 11.15.2018.
Total Profit: 3593 pip Closed trade(s): 2048 Profit Open trade(s): 1545 Profit
Closed Profit: TP1 @ 0.5980 touched at 11.19.2018 with 262 Profit. TP2 @ 0.6460 touched at 11.20.2018 with 704 Profit. TP3 @ 0.6800 touched at 11.24.2018 with 1082 Profit. 262 + 704 + 1082 = 2048
Open Profit: Profit for one trade is 0.5718 (current price) - 0.6027 (open price) = 309 5 trade(s) still open, therefore total profit for open trade(s) is 309 x 5 = 1545 All SLs moved to Break-even point.