ZECUSD Second Chance: Profit=765% SL=70% Reward/Risk > 11:1

Aug 26, 2020

Second Chance Trade Setup summary:

Profit targets=765% = {TP3= 35% + TP4= 61% + TP5= 79% + TP6= 104% + TP7= 127% + TP8= 144% + TP9= 215%}
Stop Loss =70%
Reward/Risk > 11: 1

New Trading suggestion:
". There is still a possibility of temporary retracement to suggested support line (71.35) again.
if so, traders can set orders based on Price Action and expect to reach short-term targets."

New Take Profits:
TP3= @ 96.60 (New)
TP4= @ 115.25
TP5= @ 127.65 (New)
TP6= @ 146.00 (New)
TP7= @ 162.00 (New)
TP8= @ 174.30 (New)
TP9= @ 225.40 (New)

SL= Break below 64.00
--------------------------------------------------------------------------------------------------
First Buy Current Status:

Total Profit: 136%
Closed trade(s): 85% Profit
Open trade(s): 51% Profit

Trade Setup:
We opened 3 BUY trade(s) @ 48.84 based on 'previous Forecast' at 2020.06.15 :

Closed Profit:
TP1 @ 64.00 touched at 2020.07.13 with 31% Profit.
TP2 @ 75.60 touched at 2020.07.31 with 54% Profit.
31% + 54% = 85%

Open Profit:
Open trade is 74.15(current price) - 48.84 (open price) = 51%
1 trade(s) still open, therefore total profit for open trade(s) is 51% x 1 = 51%

Technical analysis:
. ZECUSD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 46.

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