Total Profit: 42250 pip Closed trade(s): 13150 pip Profit Open trade(s): 29100 pip Profit
Trade Setup: We opened 5 BUY trade(s) @ 339.00 based on 'previous Forecast' at 2020.08.02 :
Closed Profit: TP1 @ 393.00 touched at 2020.08.03 with 5400 pip Profit. TP2 @ 416.50 touched at 2020.08.13 with 7750 pip Profit. 5400 + 7750 = 13150
Open Profit: Profit for one trade is 436.00(current price) - 339.00(open price) = 9700 pip 3 trade(s) still open, therefore total profit for open trade(s) is 9700 x 3 = 29100 pip
Technical analysis: . ETHUSD is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 70.
New Trading suggestion: . There is still a possibility of temporary retracement to suggested support line (416.50) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
New Take Profits: TP3= @ 449.20 TP4= @ 486.20 TP5= @ 542.60
SL= Break below 393.00
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