QTUMUSD Second Chance: Profit=384% SL=64% Reward/Risk > 6:1

Aug 25, 2020

Second Chance Trade Setup Summary:

Profit targets => 384% = { TP5= 42% + TP6= 72% + TP7= 108% + TP8= 162%}
Stop Loss =64%
Reward/Risk > 6 : 1

New Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (3.50) again.
if so, traders can set orders based on Price Action and expect to reach short-term targets."

New Take Profits:
TP5= @ 5.00
TP6= @ 6.02 New
TP7= @ 7.30 New
TP8= @ 9.20 New

SL= Break below 3.00
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First Buy Current Status:

Total Profit: 346%
Closed trade(s): 346% Profit
Open trade(s): 0% Profit

Trade Setup:
We opened 5 BUY trade(s) @ 1.97 based on 'previous Forecast' at 2020.07.28 :

Closed Profit:
TP1 @ 2.35 touched at 2020.07.29 with 19% Profit.
TP2 @ 2.70 touched at 2020.08.01 with 37% Profit.
TP3 @ 3.00 touched at 2020.08.10 with 52% Profit.
TP4 @ 3.65 touched at 2020.08.17 with 85% Profit.
TP5 @ 5.00 touched at 2020.08.21 with 153% Profit.
19% + 37% + 52% + 85% + 153% = 346%

Technical analysis:
. QTUMUSD 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 62.

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