NEOUSD Third Chance: Profit=203% SL=24% Reward/Risk > 8.4:1

Sep 18, 2020

Third Chance Trade Setup summary:

Profit targets=203% = {TP6 = 16% + TP7 = 37% + TP8 = 61% + TP9 = 89%}
Stop Loss =24%
Reward/Risk > 8.4 : 1

New Trading suggestion:
". There is still a possibility of temporary retracement to suggested support line (23.0500) again.
if so, traders can set orders based on Price Action and expect to reach short-term targets."

New Take Profits:
TP6= @ 26.74600 (New)
TP7= @ 31.80547 (New)
TP8= @ 37.11919 (New)
TP9= @ 43.73804 (New)

SL= Break below 21.63000

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Status of previous trades:

Total Profit: 485%
Closed trade(s): 399% + 86% = 485% Profit
Open trade(s): 0% Profit

First Buy Trade Setup:
We opened 5 BUY trade(s) @ 9.86354 based on 'previous Forecast' at 27.07.2020:

Second Buy Trade Setup:
We opened 2 BUY trade(s) @ 15.65555 based on 'previous Forecast' at 09.07.2020:

First Buy Closed Profit:
TP1 @ 12.55810 touched at 2020.07.28 with 27% Profit.
TP2 @ 14.50133 touched at 2020.08.10 with 47% Profit.
TP3 @ 16.87258 touched at 2020.08.17 with 71% Profit.
TP4 @ 20.61120 touched at 2020.08.24 with 108% Profit.
TP5 @ 24.30101 touched at 2020.09.17 with 146% Profit.
27% + 47% + 71% + 108% + 146% = 399%

Second Buy Closed Profit:
TP4 @ 20.61120 touched at 2020.09.12 with 31% Profit.
TP5 @ 24.30101 touched at 2020.09.17 with 55% Profit.
31% + 55% = 86%

Technical analysis:
. NEOUSD 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 67.

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