ForecastCity_ME

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

Long
ForecastCity_ME Updated   
KRAKEN:DASHUSD   DASH / U. S. Dollar
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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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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