ForecastCity_ME

TRXUSD Update: Profit=10200 SL=2400 Reward/Risk > 4.2:1

Long
BITFINEX:TRXUSD   TRON / Dollar
Trade Setup summary:

Profit targets=10200 pip (3000 + 7200)
Stop Loss =2400 pip
Reward/Risk > 4.2: 1

Current Status:

Total Profit: 17100 pip
Closed trade(s): 4300 pip Profit
Open trade(s): 12800 pip Profit

Trade Setup:
We opened 3 BUY trade(s) @ 0.014 based on 'previous Forecast' at 2020. 05 .10 :

Closed Profit:
TP1 @ 0.0183 touched at 2020.06.08 with 4300 pip Profit.

Open Profit:
Profit for one trade is 0.0204(current price) - 0.0140(open price) = 6400 pip
2 trade(s) still open, therefore total profit for open trade(s) is 6400 x 2 = 12800 pip

Technical analysis:
. TRXUSD 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 58.

New Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.019500). if so, traders can set orders based on Price Action and expect to reach short-term targets.

New Take Profits:
TP2= @ 0.0225
TP3= @ 0.0267

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