Technical analysis: . Augur/BinanceCoin 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 45. . While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (1.260 to 1.120). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (1.260) Ending of entry zone (1.120)
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= @ 1.460 TP2= @ 1.600 TP3= @ 1.760 TP4= @ 1.900 TP5= @ 2.130 TP6= @ 2.375 TP7= @ 2.715 TP8= @ 3.150 TP9= Free
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Weekly update: TP2 hit with 1155 pip profit ...
Trade Setup: We opened 9 BUY trade(s) @ 1.299 based on 'Hammer' entry method at 12.20.2018.
Total Profit: 1155 pip Closed trade(s): 462 Profit Open trade(s): 693 Profit
Closed Profit: TP1 @ 1.460 touched at 12.23.2018 with 161 Profit. TP2 @ 1.600 touched at 12.23.2018 with 301 Profit. 161 + 301 = 462
Open Profit: Profit for one trade is 1.398 (current price) - 1.299 (open price) = 99 7 trade(s) still open, therefore total profit for open trade(s) is 99 x 7 = 693 All SLs moved to Break-even point.
Weekly update: TP8 hit with 6866 pip profit ... Trade Setup: We opened 9 BUY trade(s) @ 1.299 based on 'Hammer' entry method at 12.20.2018. Total Profit: 6866 pip Closed trade(s): 6698 Profit Open trade(s): 168 Profit
Closed Profit: TP1 @ 1.460 touched at 12.23.2018 with 161 Profit. TP2 @ 1.600 touched at 12.23.2018 with 301 Profit. TP3 @ 1.760 touched at 01.14.2018 with 461 Profit. TP4 @ 1.900 touched at 01.14.2018 with 601 Profit. TP5 @ 2.130 touched at 01.16.2018 with 831 Profit. TP6 @ 2.375 touched at 01.17.2018 with 1076 Profit. TP7 @ 2.715 touched at 01.17.2018 with 1416 Profit. TP8 @ 3.150 touched at 01.20.2018 with 1851 Profit. 161 + 301 + 461 + 601 + 831 + 1076 + 1416 + 1851 = 6698
Open Profit: Profit for one trade is 1.467 (current price) - 1.299 (open price) = 168 1 trade(s) still open, therefore total profit for open trade(s) is 168 x 1 = 168 All SLs moved to Break-even point.