ForecastCity
Long

NEOUSD Update: Profit=2605372 SL= 423240 Reward/Risk> 6.1 : 1

BITTREX:NEOUSD   NEO / U.S. Dollar
Trade Setup summary:

Profit targets=2605372 pip (194323 + 431448 + 805310 + 1174291)
Stop Loss =423240 pip
Reward/Risk > 6.1:1

Current Status:

Total Profit: 1922075 pip
Closed trade(s): 733235 pip Profit
Open trade(s): 1188840 pip 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 269456 pip Profit.
TP2 @ 14.50133 touched at 2020.08.10 with 463779 pip Profit.
269456 + 463779 = 733235

Open Profit:
Profit for one trade is 13.82634(current price) - 9.86354(open price) = 396280 pip
3 trade(s) still open, therefore total profit for open trade(s) is 396280 x 3 = 1188840 pip

Technical analysis:
. NEOUSD 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 61.

New Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (12.55810) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.

New Take Profits:
TP2= @ 14.50133
TP3= @ 16.87258
TP4= @ 20.61120
TP5= @ 24.30101

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Comments

Amazing! Thx
+1 Reply
@Kamryn, It's our pleasure!
Reply
Very useful!
+1 Reply
@Sir_Ray, Thank you! We appreciate your comment.🙏
Reply
Great
+1 Reply
ForecastCity Kristalyn
@Kristalyn, Thank you! 🙏
Reply
Like it
Reply
This is a legitimate analysis. Great work!
Reply
thanks
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