TRXUSD Update: Profit=19400 SL=5400 Reward/Risk > 3.6:1

Aug 10, 2020

Trade Setup summary:

Profit targets=19400 pip (7300+ 12100)
Stop Loss =5400 pip
Reward/Risk > 3.6: 1

Current Status:

Total Profit: 19500 pip
Closed trade(s): 4300 pip Profit
Open trade(s): 15200 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 0.0216(current price) - 0.0140(open price) = 7600 pip
2 trade(s) still open, therefore total profit for open trade(s) is 7600 x 2 = 15200 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 70.

New Trading suggestion:
. There is still a possibility of temporary retracement to suggested uptrend and also a price rejection from uptrend. 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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