ForecastCity
Long

DASHUSD Update: Profit=452310 SL=15356 Reward/Risk> 29.4:1

KRAKEN:DASHUSD   DASH / USD
Trade Setup summary:

Profit targets=452310 pip (1380 + 2180 + 5100 + 7605 + 11845 + 19465 + 33355 + 55640 + 73725 + 91790+ 150225)
Stop Loss =15356 pip
Reward/Risk > 29.4 : 1

Current Status:

Total Profit: 12579 pip
Closed trade(s): 809 pip Profit
Open trade(s): 11770 pip Profit

Trade Setup:
We opened 12 BUY trade(s) @ 71.81 based on 'Valley' entry method at 2020.07.22.

Closed Profit:
TP1 @ 79.90 touched at 2020.07.28 with 809 pip Profit.

Open Profit:
Profit for one trade is 82.51(current price) - 71.81(open price) = 1070 pip
11 trade(s) still open, therefore total profit for open trade(s) is 1070 x 11 = 11770 pip
Break Even 71.81

Trading suggestion:
. There is still a possibility of temporary retracement to suggested support zone (66.10 - 57.90) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. DASHUSD 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 76.

Take Profits:
TP1: 79.90
TP2: 87.90
TP3: 117.10
TP4: 142.15
TP5: 184.55
TP6: 260.75
TP7: 399.65
TP8: 622.50
TP9: 803.35
TP10: 984.00
TP11: 1568.35
TP12: Free

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ForecastCity English Support Team ❤️
Trade active: 19468 pips profit...

Total Profit: 19468
Closed trade(s): 2418 Profit
Open trade(s): 17050 Profit


Update Details:

Closed Profit:
TP1 @ 79.90 touched at 2020.07.28 with 809 pip Profit.
TP2 @ 87.90 touched at 2020.08.01 with 1609 pip Profit.
809 + 1609 = 2418

Open Profit:
Profit for one trade is 88.86(current price) - 71.81(open price) = 1705
10 trade(s) still open, therefore total profit for open trade(s) is 1705 x 10 = 17050
All SLs moved to Break-even point.

Take Profit:
TP3: 117.10
TP4: 142.15
TP5: 184.55
TP6: 260.75
TP7: 399.65
TP8: 622.50
TP9: 803.35
TP10: 984.00
TP11: 1568.35
TP12: Free
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Comments

I am new to CFD so excuse me in advance! This is a stupid question but am i meant to draw out at each of the TP (Take profit) points? Is this because the graph may go down again? For TP12: Free does this mean i have to keep an eye and take out when i feel it will drop again? Thank you in advance
+1 Reply
jamesroxbybro jamesroxbybro
As surely the price when i buy back in will be higher so i will have less shares.
+1 Reply
ForecastCity jamesroxbybro
@jamesroxbybro, And thank you for your comment. https://www.forecastcity.com/en
Reply
ForecastCity jamesroxbybro
@jamesroxbybro, Please read about the strategies provided on our website.There is a lot of useful information which helps you become a better trader.
https://www.forecastcity.com/en/node/411
https://www.forecastcity.com/en/node/488
+1 Reply
jamesroxbybro jamesroxbybro
@ForecastCity You are the real deal! Thank you for this incredibly detailed information. Much appreciated!!
Reply
Thanks for the update.
+1 Reply
@fxniki, Got it.
Reply
Thank you for posting this. Liked!
+1 Reply
ForecastCity Mehmetozdemi
@Mehmetozdemi, It's a pleasure! Thanks for your comment.
Reply
I will follow your trade idea for this pair.
+1 Reply
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