ForecastCity

💡XMRUSD Second Chance: Profit=449% SL=20% Reward/Risk > 22.5:1

Long
KRAKEN:XMRUSD   Monero / U.S. Dollar
Second Chance Trade Setup summary:

Profit targets = 449% = {TP5= 20% + TP6= 37% + TP7= 67% + TP8= 128% + TP9= 197%}
Stop Loss = 20%
Reward/Risk > 22.5 : 1

New Trading suggestion:
". There is still a possibility of temporary retracement to suggested support line (100.50) again.
if so, traders can set orders based on Price Action and expect to reach short-term targets."

New Take Profits:
TP5= @ 120.95
TP6= @ 137.95
TP7= @ 168.70
TP8= @ 230.10
TP9= @ 298.90
TP10= Free

SL= Break below 96.50

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Current Status of First Buy:

Total Profit: 573%
Closed trade(s): 138% Profit
Open trade(s): 435% Profit

Trade Setup:
We opened 10 BUY trade(s) @ 68.20 based on 'previous Forecast' at 07.09.2020:

Closed Profit:
TP3 @ 82.15 touched at 28.07.2020 with 20% Profit.
TP4 @ 96.50 touched at 06.08.2020 with 41% Profit.
TP5 @ 120.95 touched at 11.10.2020 with 77% Profit.
20% + 41% + 77% = 138%

Open Profit:
Open trade is 128.10(current price) - 68.20(open price) = 87%
5 trade(s) still open, therefore total profit for open trade(s) is 87% x 5 = 435%

Technical analysis:
. XMRUSD 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 58.

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Comments

To some extent I agree with your idea. I might share my view on this pair later.
+3 Reply
@Lizabet, Thanks for sharing your feedback.
+2 Reply
Great and useful. Thanks for sharing
+3 Reply
ForecastCity DenizKilicDeniz
@DenizKilicDeniz, You're very welcome! Thank you for your comment.
+2 Reply