KMDUSD , weekly update:Total profit 539422095 in 16 days.!

18 apr 2018

KOMODO/DOLLAR
New trading suggestion:
*The price is in a range bound, but we forecast the uptrend would begin.
*There is still possibility of temporary retracement to suggested support zone (2.11 to 1.55), if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (2.11)
Ending of entry zone (1.55)

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 "Trough", 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) @ 2.65577905(day close price) based on the reversal candle (Trough) & (the Bullish Exit in Daily RSI ) at 04.02.2018.

Total Profit: 539422095
Closed trade(s): 72422095 Profit
Open trade(s): 467000000 Profit

Closed Profit:
TP1 @ 3.38 touched at 04.12.2018 with 72422095 Profit.

Open Profit:
Profit for one trade is 3.58977905(current price) - 2.65577905(open price) = 93400000
5 trade(s) still open, therefore total profit for open trade(s) is 93400000 x 5 = 467000000
All SLs moved to Break-even point.

Take Profits:
TP2= @ 5.02
TP3= @ 5.97
TP4= @ 7.20
TP5= @ 8.61
TP6= Free

Technical analysis:
Komodo/Dollar is in a range bound and Beginning of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 61.