BTCEUR , weekly update: Total profit 581745 in 5 days.Total Profit: 581745 pip
Closed trade(s): 78585 pip Profit
Open trade(s): 503160 pip Profit
Trade Setup:
We opened 9 BUY trade(s) @ 5514.00 based on 'Hammer in D2 time frame' entry method at 04.07.2018 .
Closed Profit:
TP1 @ 6299.85 touched at 2018.04.12 with 78585 pip Profit.
Open Profit:
Profit for one trade is 6142.95(current price) - 5514.00(open price) = 62895 pip
8 trade(s) still open, therefore total profit for open trade(s) is 62895 x 8 = 503160 pip
Midterm forecast:
While the price is above the support 4184.50, beginning of uptrend is expected.
We make sure when the resistance at 7297.45 breaks.
If the support at 4184.50 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 51.
