There is a Second Chance to Buy in ETHUSD ...

1 Jun 2018

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 (496.730). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Midterm forecast:
While the level 496.730 is not broken, the Midterm wave will be uptrend.

Technical analysis:
The RSI bounced from the support #1 at 30 and it prevented the price from more losses.
While the RSI downtrend #2 is not broken, bearish wave in price would continue.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 42.

Take Profits:
TP1= @ 475.300
TP2= @ 553.100
TP3= @ 630.500
TP4= @ 729.300
TP5= @ 864.550
TP6= @ 970.450
TP7= @ 1151.600
TP8= @ 1229.700
TP9= @ 1415.950
TP10= Free

Trade Setup:
We opened 10 BUY trade(s) @ 420.243 based on 'Hammer' entry method at 2018.04.11.

Total Profit: 1584266 pip
Closed trade(s): 707228 pip Profit
Open trade(s): 877038 pip Profit

Closed Profit:
TP1 @ 475.300 touched at 2018.04.12 with 55057 pip Profit.
TP2 @ 553.100 touched at 2018.04.19 with 132857 pip Profit.
TP3 @ 630.500 touched at 2018.04.22 with 210257 pip Profit.
TP4 @ 729.300 touched at 2018.05.03 with 309057 pip Profit.
55057 + 132857 + 210257 + 309057 = 707228 pip

Open Profit:
Profit for one trade is 566.416(current price) - 420.243(open price) = 146173 pip
6 trade(s) still open, therefore total profit for open trade(s) is 146173 x 6 = 877038 pip