Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (103.8). . if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis: . LTCUSD is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 65
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Trade closed: target reached
⋅
83.73% pips profit... Total Profit: 83.73% Closed trade(s): 63.88% Profit Open trade(s): 19.85% Profit
Update Details:
Closed Profit: TP1 @ 109.1 touched at 03.16.2022 with 6.20% Profit. TP2 @ 114.7 touched at 03.19.2022 with 11.77% Profit. TP3 @ 121.8 touched at 03.22.2022 with 18.47% Profit. TP4 @ 131.0 touched at 03.28.2022 with 27.44% Profit.
6.20% + 11.77% + 18.47% + 27.44% = 63.88%
Open Profit: Profit for one trade is 122.9 (current price) - 102.5 (open price) = 19.85% 1 trade(s) still open, therefore total profit for open trade(s) is 19.85% x 1 = 19.85% All SLs moved to Break-even point.