. if so, traders can set orders based on Price Action and expect to reach short-term targets."
. ADAUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The is at 75.
TP1= @ 1.6900
TP2= @ 1.7900
TP3= @ 1.9900
TP4= @ 2.1600
TP5= @ 2.3900
SL= Break below S2
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Total Profit: 77.16%
Closed trade(s): 26.64% Profit
Open trade(s): 50.52% Profit
TP1 @ 1.69 touched at 05.07.2021 with 10.05% Profit.
TP2 @ 1.79 touched at 05.09.2021 with 16.59% Profit.
10.05% + 16.59% = 26.64%
Profit for one trade is 1.79 (current price) - 1.53 (open price) = 16.84%
3 trade(s) still open, therefore total profit for open trade(s) is 16.84% % x 3 = 50.52%
All SLs moved to Break-even point.
TP3= @ 1.99
TP4= @ 2.16
TP5= @ 2.39