Total Profit: 22700 pip Closed trade(s): 12000 pip Profit Open trade(s): 10700 pip Profit
Trade Setup: We opened 5 BUY trade(s) @ 0.19 based on 'previous Forecast' at 2020.07.16 :
Closed Profit: TP1 @ 0.21 touched at 2020.07.20 with 2000 pip Profit. TP2 @ 0.23 touched at 2020.07.26 with 4000 pip Profit. TP3 @ 0.25 touched at 2020.07.29 with 6000 pip Profit. 2000 + 4000 + 6000 = 12000
Open Profit: Profit for one trade is 0.24350(current price) - 0.19000(open price) = 5350 pip 2 trade(s) still open, therefore total profit for open trade(s) is 53500 x 2 = 10700 pip Break Even 0.19
Technical analysis: . XRPUSD 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 79.
Trading suggestion: . There is still a possibility of temporary retracement to suggested support line (0.223) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
Take Profits: TP3= @ 0.25 TP4= @ 0.29 TP5= @ 0.34
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