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Weekly forecast NEO technical chart
Symbol NEOUSD

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Trade Setup
#NEOUSD
Total Profit: 11327 pip
Closed trade(s): 4194 pip Profit
Open trade(s): 7133 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.
TP5 @ 13.40 touched at 2020.08.01 with 657 pip Profit.
TP6 @ 16.70 touched at 2020.08.17 with 987 pip Profit.
TP7 @ 19.70 touched at 2020.08.21 with 1287 pip Profit.
97 + 252 + 352 + 562 + 657 + 987 + 1287 = 4194 pip

Open Profit:
Profit for one trade is 17.02(current price) - 6.83(open price) = 1019 pip
7 trade(s) still open, therefore total profit for open trade(s) is 1019 x 7 = 7133 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 12.45 is broken, we will close open trades.

DateOctober 26, 2020 - 16:00
Currentrange bound
Forecastresumption of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 12.45, resumption of uptrend is expected.
  • We make sure when the resistance at 19.70 breaks.
  • If the support at 12.45 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 12.45 is broken.

Technical analysis:

  • A peak is formed in daily chart at 19.12 on 10/21/2020, so more losses to support(s) 16.70, 14.70, 13.40 and minimum to Major Support (12.45) 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 43.

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) Tue, 1 Dec 2020
NEO (NEOUSD) Wed, 25 Nov 2020
NEO (NEOUSD) Tue, 17 Nov 2020
NEO (NEOUSD) free Sun, 8 Nov 2020
NEO (NEOUSD) Sun, 1 Nov 2020