ForecastCity
Long

There is a possibility for the beginning of an uptrend in GXSETH

BINANCE:GXSETH   GXChain / Ethereum
Technical analysis:
. GXChain/Ethereum 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 59.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.004840 to 0.004520). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.004840)
Ending of entry zone (0.004520)

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= @ 0.005160
TP2= @ 0.005420
TP3= @ 0.005670
TP4= @ 0.006380
TP5= @ 0.006900
TP6= @ 0.007830
TP7= Free
Trade active: Weekly update: TP6 hit with 10907 pip profit ...


Trade Setup:
We opened 7 BUY trade(s) @ 0.004932 based on 'Valley' entry method at 02.07.2019.


Total Profit: 10907 pip
Closed trade(s): 7768 Profit
Open trade(s): 3139 Profit

Closed Profit:
TP1 @ 0.005160 touched at 02.08.2019 with 228 Profit.
TP2 @ 0.005420 touched at 02.08.2019 with 488 Profit.
TP3 @ 0.005670 touched at 02.09.2019 with 738 Profit.
TP4 @ 0.006380 touched at 02.11.2019 with 1448 Profit.
TP5 @ 0.006900 touched at 02.11.2019 with 1968 Profit.
TP6 @ 0.007830 touched at 02.11.2019 with 2898 Profit.
228 + 488 + 738 + 1448 + 1968 + 2898 = 7768

Open Profit:
Profit for one trade is 0.008071 (current price) - 0.004932 (open price) = 3139
1 trade(s) still open, therefore total profit for open trade(s) is 3139 x 1 = 3139
All SLs moved to Break-even point.

Take Profit:
TP7= Free
http://www.ForecastCity.com

★ For having access to the latest forecasts at the time they publish, the latest NEWS, and many other privileges, please subscribe to the ForecastCity.com
Awesome!
This is a perfect chart. I can see that you marked a valley on chart. I supposed it means to buy.
Reply
@fxniki, Thanks for your comment.
Yes, that's right. A valley is formed as you can see in the chart.
Reply
@fxniki, Also, 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.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out