Current Status: Total Profit: 11684 pip Closed trade(s): 8184 pip Profit Open trade(s): 3500 pip Profit
Trade Setup: We opened 5 BUY trade(s) @ 229.34 based on 'previous Forecast' at 2020.07.06 :
Closed Profit: TP1 @ 237.34 touched at 2020.07.20 with 800 pip Profit. TP2 @ 244.77 touched at 2020.07.21 with 1543 pip Profit. TP3 @ 244.77 touched at 2020.07.22 with 2405 pip Profit. TP4 @ 263.70 touched at 2020.07.22 with 3436 pip Profit. 800 + 1543 + 2405 + 3436= 8184
Open Profit: Profit for one trade is 264.34 (current price) - 229.34 (open price) = 3500 pip 1 trade(s) still open, therefore total profit for open trade(s) is 3500 x 1 = 3500 pip Break Even 229.34
Technical analysis: . ETHUSDis 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 83.
Trading suggestion: . There is still a possibility of temporary retracement to suggested support line (244.77) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
Take Profits: TP5= @ 286.79
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