ETHUSD Update: Profit=46750 SL=15500 Reward/Risk > 3:1

1. Aug. 2020

Trade Setup summary:

Profit targets=46750 pip (2900 + 5250 + 8520 + 12220 + 17860)
Stop Loss =15500 pip
Reward/Risk > 3 : 1

Current Status:

Total Profit: 13929 pip
Closed trade(s): 13929 pip Profit
Open trade(s): 0 pip Profit

Trade Setup:
We opened 5 BUY trade(s) @ 229.34 based on 'previous Forecast' at 2020.07.06 :

Closed Profit:
TP1 @ 237.34 touched at 2020.07.20 with 800 pip Profit.
TP2 @ 244.77 touched at 2020.07.21 with 1543 pip Profit.
TP3 @ 244.77 touched at 2020.07.22 with 2405 pip Profit.
TP4 @ 263.70 touched at 2020.07.22 with 3436 pip Profit.
TP5 @ 286.79 touched at 2020.07.24 with 5745 pip Profit.
800 + 1543 + 2405 + 3436 + 5745 = 13929

Technical analysis:
. ETHUSD 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 83.

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

New Take Profits:
TP1= @ 393.00
TP2= @ 416.50
TP3= @ 449.20
TP4= @ 486.20
TP5= @ 542.60

SL= Break below 333.00

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