ForecastCity

There is a trading opportunity to buy in KMDETH

Long
BINANCE:KMDETH   Komodo / Ethereum
Technical analysis:
. KOMODO/ ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 47.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.004940 to 0.004190). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.004940)
Ending of entry zone (0.004190)

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= @ 0.005660
TP2= @ 0.006200
TP3= @ 0.007140
TP4= @ 0.009770
TP5= @ 0.011890
TP6= @ 0.014000
TP7= @ 0.017000
TP8= Free
Trade active: Weekly update: TP3 hit with 11395 pip profit ...

Trade Setup:
We opened 8 BUY trade(s) @ 0.005285 based on "Hammer" entry method at 01.15.2019.

Total Profit: 11395 pip
Closed trade(s): 3145 Profit
Open trade(s): 8250 Profit

Closed Profit:
TP1 @ 0.005660 touched at 01.17.2019 with 375 Profit.
TP2 @ 0.006200 touched at 01.28.2019 with 915 Profit.
TP3 @ 0.007140 touched at 02.14.2019 with 1855 Profit.
375 + 915 + 1855 = 3145

Open Profit:
Profit for one trade is 0.006935 (current price) - 0.005285 (open price) = 1650 pip
5 trade(s) still open, therefore total profit for open trade(s) is 1650 x 5 = 8250 pip
All SLs moved to Break-even point.

Take Profit:
TP4= @ 0.009770
TP5= @ 0.011890
TP6= @ 0.014000
TP7= @ 0.017000
TP8= Free
Trade active: Weekly update: TP4 hit with 13290 pip profit ...

Trade Setup:
We opened 8 BUY trade(s) @ 0.005285 based on "Hammer" entry method at 01.15.2019.

Total Profit: 13290 pip
Closed trade(s): 7630 Profit
Open trade(s): 5660 Profit

Closed Profit:
TP1 @ 0.005660 touched at 01.17.2019 with 375 Profit.
TP2 @ 0.006200 touched at 01.28.2019 with 915 Profit.
TP3 @ 0.007140 touched at 02.14.2019 with 1855 Profit.
TP4 @ 0.009770 touched at 03.13.2019 with 4485 Profit.
375 + 915 + 1855 + 4485 = 7630

Open Profit:
Profit for one trade is 0.006700 (current price) - 0.005285 (open price) = 1415 pip
4 trade(s) still open, therefore total profit for open trade(s) is 1415 x = 5660 pip
All SLs moved to Break-even point.

Take Profit:
TP5= @ 0.011890
TP6= @ 0.014000
TP7= @ 0.017000
TP8= Free
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Comments

Thank you for the update.
Reply
@fxniki, You're welcome.
Reply
Happy New Year @ForecastCity
Thank you for all your ideas that helped us.
Reply
@fxniki, Thanks :)
Reply
I will watch for this. Thanks Bud.
Reply
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