ForecastCity_ME

TRXUSD Update: Profit=4230 SL=760 Reward/Risk > 5.5:1

Long
BITFINEX:TRXUSD   TRON / Dollar
Trade Setup summary:

Profit targets=4230 pip (420 + 710 + 1330 + 1770)
Stop Loss =760 pip
Reward/Risk > 5.5: 1

Current Status:

Total Profit: 2415 pip
Closed trade(s): 1280 pip Profit
Open trade(s): 1135 pip Profit

Trade Setup:
We opened 3 BUY trade(s) @ 0.01400 based on 'previous Forecast' at 2020. 05 .10 :

Closed Profit:
TP1 @ 0.01830 touched at 2020.06.08 with 430 pip Profit.
TP2 @ 0.02250 touched at 2020.08.13 with 850 pip Profit.
430 + 850 = 1280

Open Profit:
Profit for one trade is 0.02535(current price) - 0.01400(open price) = 1135 pip
1 trade(s) still open, therefore total profit for open trade(s) is 1135 x 1 = 1135 pip

Technical analysis:
. TRXUSD 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 45.

New Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (0.02250) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.

New Take Profits:
TP3= @ 0.02670
TP4= @ 0.02960 (New)
TP5= @ 0.03580 (New)
TP6= @ 0.04020 (New)

SL= Break below 0.02060

❤️ If you find this helpful and want more FREE forecasts in TradingView

. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!

❤️ Your Support is very much 🙏 appreciated!❤️

💎 Want us to help you become a better Forex trader?

Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.

Trade well, ❤️
ForecastCity English Support Team ❤️
HighAccurate forecast for
🌟36 Forex Pairs:1.010.346 pips track record profit
🌟95 Cryptos
🌟Gold, Silver, Oils, Gas
🌟Best Profitable Trading Strategies

in 9 languages
since 2007

http://www.ForecastCity.com
🌟FREE Telegram http://t.me/forecastcity_com

Comments

A very useful one! Thanks
+1 Reply
ForecastCity_ME Josef_anderson
@Josef_anderson, We're happy to help! 💙
Reply
Very cool view
+1 Reply
@Kamryn, Thank you! We appreciate your comment.🙏
Reply
Thanks for sharing.
+1 Reply
@Sir_Ray, We're happy to help! 💙
Reply
Excellent
+1 Reply
@Kristalyn, Thank you! We appreciate your comment.🙏
Reply
strong idea! ;) 😍😍😍
Reply