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Weekly forecast NEO technical chart
Symbol NEOUSD

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Trade Setup
#NEOUSD
Total Profit: 10410 pip (1524%)
Closed trade(s): 4194 pip Profit (614%)
Open trade(s): 6216 pip Profit (910%)

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 (14%).
TP2 @ 9.35 touched at 2020.04.30 with 252 pip Profit (37%).
TP3 @ 10.35 touched at 2020.05.08 with 352 pip Profit (52%).
TP4 @ 12.45 touched at 2020.06.01 with 562 pip Profit (82%).
TP5 @ 13.40 touched at 2020.08.01 with 657 pip Profit (96%).
TP6 @ 16.70 touched at 2020.08.17 with 987 pip Profit (145%).
TP7 @ 19.70 touched at 2020.08.21 with 1287 pip Profit (188%).
97 (14%) + 252 (37%) + 352 (52%) + 562 (82%) + 657 (96%) + 987 (145%) + 1287 (188%) = 4194 pip (614%)

Open Profit:
Profit for one trade is 15.71(current price) - 6.83(open price) = 888 pip (130%)
7 trade(s) still open, therefore total profit for open trade(s) is 888 (130%) x 7 = 6216 pip (910%)

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.
DateNovember 8, 2020 - 23:02
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 12.45, resumption of uptrend is expected.
  • We make sure when the resistance at 16.70 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 trough is formed in daily chart at 13.46 on 11/04/2020, so more gains maximum to Major Resistance (16.70) 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 44.

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.