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Weekly forecast Polygon technical chart
Symbol MATICUSD
Trade Setup

#MATICUSDT
Total Profit: 4184 pip (501%)
Closed trade(s): 2220 pip Profit (265%)
Open trade(s): 1964 pip Profit (236%)

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

Closed Profit:
TP1 @ 0.950 touched at 2021.07.23 with 110 pip Profit (13%).
TP2 @ 1.040 touched at 2021.07.26 with 200 pip Profit (24%).
TP3 @ 1.210 touched at 2021.08.11 with 370 pip Profit (44%).
TP4 @ 1.500 touched at 2021.08.13 with 660 pip Profit (79%).
TP5 @ 1.720 touched at 2021.09.04 with 880 pip Profit (105%).
110 (13%) + 200 (24%) + 370 (44%) + 660 (79%) + 880 (105%) = 2220 pip (265%)

Open Profit:
Profit for one trade is 1.331(current price) - 0.840(open price) = 491 pip (59%)
4 trade(s) still open, therefore total profit for open trade(s) is 491 (59%) x 4 = 1964 pip (236%)

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 1.0400 is broken, we will close open trades.

DateOctober 10, 2021 - 08:04
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 1.0400, beginning of uptrend is expected.
  • We make sure when the resistance at 1.7200 breaks.
  • If the support at 1.0400 is broken, the short-term forecast -beginning of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 1.0400 is broken.

Technical analysis:

  • A trough is formed in daily chart at 1.02000 on 09/21/2021, so more gains to resistance(s) 1.50000 and maximum to Major Resistance (1.72000) 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 54.

Take Profits:

  1. 0.95000
  2. 1.04000
  3. 1.21000
  4. 1.50000
  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