ForecastCity_ME

AUDCHF Update: Profit=1160 pip SL=450 pip Reward/Risk > 2.6:1

Long
FX:AUDCHF   Australian Dollar / Swiss Franc
Trade Setup summary:
Profit targets=1160 pip (75 + 155 + 250 + 305 + 375)
Stop Loss =450 pip
Reward/Risk > 2.6 : 1

Current Status:

Total Profit: 424 pip
Closed trade(s): 72 pip Profit
Open trade(s): 352 pip Profit

Trade Setup:
We opened 5 BUY trade(s) @ 0.6583 based on 'previous Forecast' at 2020.07.15 :

Closed Profit:
TP1 @ 0.6655 touched at 2020.07.21 with 72 pip Profit.

Open Profit:
Profit for one trade is 0.6671 (current price) - 0.6583(open price) = 88 pip
4 trade(s) still open, therefore total profit for open trade(s) is 88 x 4 = 352 pip
Break Even 0.658

Technical analysis:
. AUDCHF is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 72.

Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (0.658) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.

Take Profits:
TP1= @ 0.6655
TP2= @ 0.6735
TP3= @ 0.6830
TP4= @ 0.6885
TP5= @ 0.6955

SL= Break below S2

❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!

❤️ Your Support is very much 🙏 appreciated!❤️

💎 Want us to help you become a better Forex trader?

Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.

Trade well, ❤️
ForecastCity English Support Team ❤️

HighAccurate forecast for
🌟36 Forex Pairs:1.010.346 pips track record profit
🌟95 Cryptos
🌟Gold, Silver, Oils, Gas
🌟Best Profitable Trading Strategies

in 9 languages
since 2007

http://www.ForecastCity.com
🌟FREE Telegram http://t.me/forecastcity_com
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.