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Weekly forecast NEO technical chart
Symbol NEOUSD

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Trade Setup
#NEOUSD
Total Profit: 2321 pip
Closed trade(s): 404 pip Profit
Open trade(s): 1917 pip Profit

Trade Setup:
We opened 11 BUY trade(s) @ 12.03 based on 'Valley' entry method at 2020.01.18.

Closed Profit:
TP1 @ 13.40 touched at 2020.02.09 with 137 pip Profit.
TP2 @ 14.70 touched at 2020.02.12 with 267 pip Profit.
137 + 267 = 404 pip

Open Profit:
Profit for one trade is 14.16(current price) - 12.03(open price) = 213 pip
9 trade(s) still open, therefore total profit for open trade(s) is 213 x 9 = 1917 pip

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.

DateFebruary 23, 2020 - 16:58
Currentrange bound
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 11.85, beginning of uptrend is expected.
  • We make sure when the resistance at 19.70 breaks.
  • If the support at 11.85 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 16.65 on 02/15/2020, so more losses to support(s) 13.40 and minimum to Major Support (11.85) 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 55.

Take Profits:

  1. 13.40
  2. 14.70
  3. 17.35
  4. 19.70
  5. 30.50
  6. 44.60
  7. 68.90
  8. 88.10
  9. 108.10
  10. 197.90
Click on the level to view price action history.

Symbol Released Current Forecast
NEO (NEOUSD) Sun, 2 Aug 2020
NEO (NEOUSD) free Sat, 25 Jul 2020
NEO (NEOUSD) Sun, 19 Jul 2020
NEO (NEOUSD) Sun, 12 Jul 2020
NEO (NEOUSD) Sun, 5 Jul 2020