Technical analysis: . POPULOUS/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 40. . While the price downtrend in the Daily chart is not broken, bearish wave in price would continue.
Trading suggestion: . There is still a possibility of temporary retracement to suggested support zone (0.013700 to 0.012200). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.013700) Ending of entry zone (0.012200)
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= @ 0.016100 TP2= @ 0.019000 TP3= @ 0.021100 TP4= @ 0.024300 TP5= @ 0.028500 TP6= @ 0.032800 TP7= @ 0.038800 TP8= @ 0.046400 TP9= @ 0.065000 TP10= Free
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Weekly update: TP1 hit with 27025 pip profit ...
Trade Setup: We opened 10 BUY trade(s) @ 0.013654 based on 'Hammer' entry method at 10.01.2018.
Total Profit: 27025 pip Closed trade(s): 2446 Profit Open trade(s): 24579 Profit
Closed Profit: TP1 @ 0.016100 touched at 08.25.2018 with 2446 Profit.
Open Profit: Profit for one trade is 0.016385 (current price) - 0.013654 (open price) = 2731 9 trade(s) still open, therefore total profit for open trade(s) is 2731 x 9 = 24579 All SLs moved to Break-even point.
Trade Setup: We opened 10 BUY trade(s) @ 0.013654 based on 'Hammer' entry method at 10.01.2018.
Total Profit: 27025 pip Closed trade(s): 2446 Profit Open trade(s): 24579 Profit
Closed Profit: TP1 @ 0.016100 touched at 10.08.2018 with 2446 Profit.
Open Profit: Profit for one trade is 0.016385 (current price) - 0.013654 (open price) = 2731 9 trade(s) still open, therefore total profit for open trade(s) is 2731 x 9 = 24579 All SLs moved to Break-even point.