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Weekly forecast Polygon technical chart
Symbol MATICUSD

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Trade Setup

#MATICUSDT
Total Profit: 5653 pip (675%)
Closed trade(s): 2205 pip Profit (263%)
Open trade(s): 3448 pip Profit (412%)

Trade Setup:
We opened 9 BUY trade(s) @ 0.840 based on 'Valley' entry method at 2021.07.21.

Closed Profit:
TP1 @ 0.945 touched at 2021.07.23 with 105 pip Profit (13%).
TP2 @ 1.035 touched at 2021.07.26 with 195 pip Profit (23%).
TP3 @ 1.210 touched at 2021.08.11 with 370 pip Profit (44%).
TP4 @ 1.495 touched at 2021.08.13 with 655 pip Profit (78%).
TP5 @ 1.720 touched at 2021.09.04 with 880 pip Profit (105%).
105 (13%) + 195 (23%) + 370 (44%) + 655 (78%) + 880 (105%) = 2205 pip (263%)

Open Profit:
Profit for one trade is 1.702(current price) - 0.840(open price) = 862 pip (103%)
4 trade(s) still open, therefore total profit for open trade(s) is 862 (103%) x 4 = 3448 pip (412%)

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
  • If the Midterm level 1.0350 is broken, we will close open trades.

DateSeptember 5, 2021 - 10:38
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 1.0350 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  • We will close our open trades, if the Midterm level 1.0350 is broken.

Technical analysis:

  • A trough is formed in daily chart at 1.30000 on 08/31/2021, so more gains to resistance(s) 1.72000, 1.95000, 2.44000 and more heights is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 63.

Take Profits:

  1. 0.94500
  2. 1.03500
  3. 1.21000
  4. 1.49500
  5. 1.72000
  6. 1.95000
  7. 2.44000
  8. 2.70000
Click on the level to view price action history.

Symbol Released Current Forecast
Polygon (MATICUSD) Fri, 22 Mar 2024
Polygon (MATICUSD) Sun, 17 Mar 2024
Polygon (MATICUSD) Sun, 10 Mar 2024
Polygon (MATICUSD) Mon, 4 Mar 2024
Polygon (MATICUSD) Sun, 25 Feb 2024