BTCUSD Second Chance: Profit=76% SL=5% Reward/Risk > 15.2:1

9 Sep 2020

Second Chance Trade Setup summary:

Profit targets=76% = {TP1= 6% + TP2= 8% + TP3= 11% + TP4= 16% + TP5= 20%}
Stop Loss =5%
Reward/Risk > 15.2 : 1

New Trading suggestion:
". There is still a possibility of temporary retracement to suggested support line (10004.00) again.
if so, traders can set orders based on Price Action and expect to reach short-term targets."

New Take Profits:
TP1= @ 10628.00
TP2= @ 10841.00
TP3= @ 11124.00
TP4= @ 11632.00
TP5= @ 12050.00

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First Buy Current Status:

Total Profit: 10%
Closed trade(s): 0% Profit
Open trade(s): 10% Profit

Trade Setup:
We opened 5 BUY trade(s) @ 10004.00 based on 'previous Forecast' at 09.08.2020 :

Open Profit:
Open trade is 1024700 (current price) - 10004.00 (open price) = 2%
5 trade(s) still open, therefore total profit for open trade(s) is 2% x 5 = 10%

Technical analysis:
. BTCUSD 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 59.

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