New trading suggestion: *The price is in an uptrend and we forecast the uptrend would continue. *There is still a possibility of temporary retracement to suggested support line (0.07200). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Midterm forecast: While the level 0.07200 is not broken, the Midterm wave will be uptrend.
Technical analysis: Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 48.
Trade Setup: We opened 9 BUY trade(s) @ 0.05474 based on 'Hammer' entry method at 2018.04.04. Total Profit: 17562 pip Closed trade(s): 4578 pip Profit Open trade(s): 12984 pip Profit
Closed Profit: TP1 @ 0.06050 touched at 2018.04.11 with 576 pip Profit. TP2 @ 0.07200 touched at 2018.04.24 with 1726 pip Profit. TP3 @ 0.07750 touched at 2018.05.03 with 2276 pip Profit. 576 + 1726 + 2276 = 4578 pip
Open Profit: Profit for one trade is 0.07638(current price) - 0.05474(open price) = 2164 pip 6 trade(s) still open, therefore total profit for open trade(s) is 2164 x 6 = 12984 pip