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Weekly forecast NEO technical chart
Symbol NEOUSD

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Trade Setup
#NEOUSD
Total Profit: 4153 pip
Closed trade(s): 1263 pip Profit
Open trade(s): 2890 pip Profit

Trade Setup:
We opened 14 BUY trade(s) @ 6.83 based on 'Valley' entry method at 2020.03.31.

Closed Profit:
TP1 @ 7.80 touched at 2020.04.07 with 97 pip Profit.
TP2 @ 9.35 touched at 2020.04.30 with 252 pip Profit.
TP3 @ 10.35 touched at 2020.05.08 with 352 pip Profit.
TP4 @ 12.45 touched at 2020.06.01 with 562 pip Profit.
97 + 252 + 352 + 562 = 1263 pip

Open Profit:
Profit for one trade is 9.72(current price) - 6.83(open price) = 289 pip
10 trade(s) still open, therefore total profit for open trade(s) is 289 x 10 = 2890 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.
  • If the Midterm level 7.80 is broken, we will close open trades.
  • Price may also reach 7.80, if price reaches this level, there is a second chance to get more profit and reinvest by Daily-Trading-Opportunities signals. This suggestion is not according to Trend Hunter Strategy, and depends on personal strategies.
DateJuly 5, 2020 - 13:43
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 7.80 would begin in Midterm.
  • We will close our open trades, if the Midterm level 7.80 is broken.

Technical analysis:

  • The ascending flag taking shape suggests we will soon see another leg higher.
  • While the RSI resistance #1 at 54 is not broken, the probability of price increase would be too low.
  • A peak is formed in daily chart at 11.26 on 06/23/2020, so more losses to support(s) 9.35 and minimum to Major Support (7.80) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 41.

Take Profits:

  1. 7.80
  2. 9.35
  3. 10.35
  4. 12.45
  5. 13.40
  6. 16.70
  7. 19.70
  8. 30.50
  9. 44.60
  10. 68.90
  11. 88.10
  12. 108.10
  13. 197.90
Click on the level to view price action history.
Symbol Released Current Forecast
NEO (NEOUSD) Sat, 13 Apr 2024
NEO (NEOUSD) free Sat, 6 Apr 2024
NEO (NEOUSD) Sun, 31 Mar 2024
NEO (NEOUSD) Sat, 23 Mar 2024
NEO (NEOUSD) free Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on NEOUSD.