BNBUSD Second Chance: Profit=76% SL=30% Reward/Risk > 2.5:1
Second Chance Trade Setup summary:
Profit targets = 76% = {TP3 = 8% + TP4 = 29% + TP5 = 39%}
Stop Loss = 30%
Reward/Risk > 2.5 : 1
New Trading suggestion:
" It is still possible to see a temporary retracement when the price falls to the uptrend line that will support and reject the price.
if so, traders can set orders based on Price Action and expect to reach short-term targets. "
New Take Profits:
TP3 @ 22.60
TP4 @ 26.58
TP5 @ 28.96 New
TP6 Free
SL= Break below 18.80
--------------------------------------------------------------------------------------------------
First Buy Current Status:
Total Profit: 92%
Closed trade(s): 50% Profit
Open trade(s): 42% Profit
Trade Setup:
We opened 5 BUY trade(s) @ 17.71000 based on 'previous Forecast' at 2020.07.21 :
Closed Profit:
TP1 @ 18.80 touched at 2020.07.23 with 6% Profit.
TP2 @ 20.80 touched at 2020.07.26 with 17% Profit.
TP3 @ 22.60 touched at 2020.07.27 with 27% Profit.
6% + 17% + 27% = 50%
Open Profit:
Open trade is 21.40000 (current price) - 17.71000 (open price) = 21%
2 trade(s) still open, therefore total profit for open trade(s) is 21% x 2 = 42%
Technical analysis:
. BNBUSD is in an uptrend and the continuation of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 44.
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Profit targets = 76% = {TP3 = 8% + TP4 = 29% + TP5 = 39%}
Stop Loss = 30%
Reward/Risk > 2.5 : 1
New Trading suggestion:
" It is still possible to see a temporary retracement when the price falls to the uptrend line that will support and reject the price.
if so, traders can set orders based on Price Action and expect to reach short-term targets. "
New Take Profits:
TP3 @ 22.60
TP4 @ 26.58
TP5 @ 28.96 New
TP6 Free
SL= Break below 18.80
--------------------------------------------------------------------------------------------------
First Buy Current Status:
Total Profit: 92%
Closed trade(s): 50% Profit
Open trade(s): 42% Profit
Trade Setup:
We opened 5 BUY trade(s) @ 17.71000 based on 'previous Forecast' at 2020.07.21 :
Closed Profit:
TP1 @ 18.80 touched at 2020.07.23 with 6% Profit.
TP2 @ 20.80 touched at 2020.07.26 with 17% Profit.
TP3 @ 22.60 touched at 2020.07.27 with 27% Profit.
6% + 17% + 27% = 50%
Open Profit:
Open trade is 21.40000 (current price) - 17.71000 (open price) = 21%
2 trade(s) still open, therefore total profit for open trade(s) is 21% x 2 = 42%
Technical analysis:
. BNBUSD is in an uptrend and the continuation of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 44.
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Penafian
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