TP5 hit with 85792505964 profit in 24 days. NEW Buy Opportunity.
DECRED/DOLLAR
New trading suggestion:
*The price is in an up trend, and we forecast the uptrend would Continue.
*There is still possibility of temporary retracement to suggested support line (50.40), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Entry signal:
Signal to enter the market occurs when the price comes to “Buy zone” then forms one of the reversal patterns, whether “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 special version of our “Price Action” strategy FOLLOW our lessons:
Trade Setup:
We opened 6 BUY trade(s) @ 39.40758259(day close price) based on the reversal candle ( Hammer ) at 04.01.2018.
Total Profit: 85792505964
Closed trade(s): 8177725223 Profit
Open trade(s): 4014780741 Profit
Closed Profit:
TP1 @ 50.40 touched at 04.07.2018 with 1099241741 Profit.
TP2 @ 65.70 touched at 04.15.2018 with 2629241741 Profit.
TP3 @ 83.90 touched at 04.25.2018 with 4449241741 Profit.
TP4 @ 99.50 touched at 04.25.2018 with 6009241741 Profit.
TP5 @ 130.04 touched at 04.25.2018 with 9063241741 Profit.
1099241741 + 2629241741 + 4449241741 + 6009241741 + 9063241741= 8177725223
Open Profit:
Profit for one trade is 79.55539000(current price) -39.40758259(open price) = 4014780741
1 trade(s) still open, therefore total profit for open trade(s) is 4014780741 x 1 = 4014780741
All SLs moved to Break-even point.
Take Profits:
TP6= Free
Technical analysis:
Decred/Dollar is in an Up Trend and Continuation of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 75.