Technical analysis: .IOTA/DOLLAR is in a down trend and Beginning of up trend is expected. .The price is below the 21-Day WEMA which acts as a dynamic resistance. .The RSI is at 46.
Trading suggestion: There is possibility of temporary retracement to suggested support zone (1.55 to 1.00), if so, traders can set orders based on Price Action and expect to reach short-term targets.
.Beginning of entry zone (1.55) .Ending of entry zone (1.00)
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: (We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)
IOTAUSD , Weekly update: TP1 hit. Total profit 53276 in 56 days IOTA/DOLLAR Trading suggestion: The price is in an up trend and we forecast the uptrend would probably resume. There is still possibility of temporary retracement to suggested support zone (1.55 to 1.00), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (1.55) Ending of entry zone (1.00)
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 "Valley", 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 5 BUY trade(s) @ 1.3820 (day close price) based on reversal candle ( Hammer ) at 03.09.2018 . Total Profit: 53276 Closed trade(s): 12280 Profit Open trade(s): 40996 Profit
Closed Profit: TP1 @ 2.61 touched at 05.03.2018 with 12280 Profit.
Open Profit: Profit for one trade is 2.4069(current price) - 1.3820 (open price) = 10249 4 trade(s) still open, therefore total profit for open trade(s) is 10249 x 4 = 40996 All SLs moved to Break-even point.
Technical analysis: Iota/Dollar is in an up trend and resumption of up trend is expected. The price is above the 21-Day WEMA which acts as a dynamic support. Relative strength index ( RSI ) is 66.