Total Profit: 815908 pip
Closed trade(s): 55057 pip Profit
Open trade(s): 760851 pip Profit
We opened 10 BUY trade(s) @ 420.243 based on 'Hammer' entry method at 04.11.2018.(we use SimpleFX.com standard charts as reference.)
TP1 @ 475.300 touched at 2018.04.12 with 55057 pip Profit.
Profit for one trade is 504.782(current price) - 420.243(open price) = 84539 pip
9 trade(s) still open, therefore total profit for open trade(s) is 84539 x 9 = 760851 pip
TP2= @ 553.100
TP3= @ 630.500
TP4= @ 729.300
TP5= @ 864.550
TP6= @ 970.450
TP7= @ 1151.600
TP8= @ 1229.700
TP9= @ 1415.950
While the price is above the support 272.650, resumption of uptrend is expected.
We make sure when the resistance at 630.500 breaks.
If the support at 272.650 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
( ) is 56.
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