Total Profit: 3740 pip Closed trade(s): 1260 pip Profit Open trade(s): 2480 pip Profit
Trade Setup: We opened 5 BUY trade(s) @ 1.5784 based on 'previous Forecast' at 2020.08.06 :
Closed Profit: TP1 @ 1.5658 touched at 2020.08.10 with 1260 pip Profit.
Open Profit: Profit for one trade is 1.56580(current price) - 1.5720(open price) = 620 pip 4 trade(s) still open, therefore total profit for open trade(s) is 620 x 4 = 2480 pip
Technical analysis: . EURCAD is in a range bound and the beginning of downtrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 29 .
New Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.5720) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
New Take Profits: TP1= @ 1.5658 TP2= @ 1.5572 TP3= @ 1.5478 TP4= @ 1.5385 TP5= @ 1.5055
SL= Break above 1.5784
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Amendment: In this forecast, due to a bug in our counter expert, the numbers were not written correctly, and the results were declared with an additional zero. We apologize for that.
Total Profit: 374 pip Closed trade(s): 126 pip Profit Open trade(s): 248 pip Profit
Trade Setup: We opened 5 BUY trade(s) @ 1.5784 based on 'previous Forecast' at 2020.08.06 :
Closed Profit: TP1 @ 1.5658 touched at 2020.08.10 with 126 pip Profit.
Open Profit: Profit for one trade is 1.5658(current price) - 1.5720(open price) = 62 pip 4 trade(s) still open, therefore total profit for open trade(s) is 62 x 4 = 248 pip
Technical analysis: . EURCAD is in a range bound and the beginning of downtrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 36.
New Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.5720) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
New Take Profits: TP1= @ 1.5658 TP2= @ 1.5572 TP3= @ 1.5478 TP4= @ 1.5385 TP5= @ 1.5055