TRXUSD Third Chance: Profit=150% SL=12% Reward/Risk > 12.5:1

Sep 8, 2020

Third Chance Trade Setup summary:

Profit targets = 150% = { TP5 = 28% + TP6 = 44% + TP7 = 78% }
Stop Loss =12%
Reward/Risk > 12.5 : 1

New Trading suggestion:
". There is still a possibility of temporary retracement to suggested support line (0.02780) again.
if so, traders can set orders based on Price Action and expect to reach short-term targets."

New Take Profits:
TP5= @ 0.03580
TP6= @ 0.04020
TP7= @ 0.04950 (New)

SL= Break below 0.02670

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Trade Setup:
We opened 3 BUY trade(s) @ 0.01400 based on 'previous Forecast' at 2020.05.10 :

and opened 4 BUY trade(s) @ 0.02250 based on 'previous Forecast' at 2020.08.27 :

Buys Current Status:

Total Profit: 366%
Closed trade(s): 180% + 186% = 366% Profit
Open trade(s): 0% Profit

First buy closed Profit:
TP1 @ 0.01830 touched at 2020.06.08 with 30% Profit.
TP2 @ 0.02250 touched at 2020.08.13 with 60% Profit.
TP3 @ 0.02780 touched at 2020.08.16 with 90% Profit.
30% + 60% + 90% = 180%

Second buy closed Profit:
TP1 @ 0.02780 touched at 2020.08.30 with 18% Profit.
TP2 @ 0.02960 touched at 2020.08.31 with 31% Profit.
TP3 @ 0.03580 touched at 2020.09.01 with 59% Profit.
TP4 @ 0.04020 touched at 2020.09.03 with 78% Profit.
18% + 31% + 59% + 78% = 186%

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 67.

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