NEOUSD Second Chance: Profit=76% SL=21% Reward/Risk > 3.6:1

22 de ago. de 2020

Second Chance Trade Setup summary:

Profit targets => 76% = {( TP4 (20.61120) = 27% + TP5 (24.30101) = 49%)}
Stop Loss => 21% (14.50133)
Reward/Risk > 3.6 : 1

New Trading suggestion:
. There is still a possibility of temporary retracement to suggested support lines ( 15.55 & 16.87258 ) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.

New Take Profits:
TP4= @ 20.61120
TP5= @ 24.30101

SL= Break below 14.50133

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First Buy Current Status:

Total Profit: 297%
Closed trade(s): 145% Profit
Open trade(s): 152% Profit

Trade Setup:
We opened 5 BUY trade(s) @ 9.86354 based on 'previous Forecast' at 2020.07.09 :

Closed Profit:
TP1 @ 12.55810 touched at 2020.07.28 with 27% Profit.
TP2 @ 14.50133 touched at 2020.08.10 with 47% Profit.
TP3 @ 16.87258 touched at 2020.08.17 with 71% Profit.
27% + 47% + 71% = 145%

Open Profit:
Open trade is 17.37354 (current price) - 9.86354 (open price) = 76%
2 trade(s) still open, therefore total profit for open trade(s) is 76% x 2 = 152%

Technical analysis:
. NEOUSD is in an uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.

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