Don't miss the great sell opportunity in AUDNZD
Updated
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.096). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AUDNZD 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 50.
Take Profits:
TP1= @ 1.0900
TP2= @ 1.0855
TP3= @ 1.0830
TP4= @ 1.0800
TP5= @ 1.0763
SL: Break Above R2
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. There is still a possibility of temporary retracement to suggested resistance line (1.096). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AUDNZD 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 50.
Take Profits:
TP1= @ 1.0900
TP2= @ 1.0855
TP3= @ 1.0830
TP4= @ 1.0800
TP5= @ 1.0763
SL: Break Above R2
❤️ 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 ❤️
Trade active
555 pips profit... Total Profit: 555
Closed trade(s): 295 Profit
Open trade(s): 260 Profit
Update Details:
Closed Profit:
TP1 @ 1.0900 touched at 09.01.2020 with 60 Profit.
TP2 @ 1.0855 touched at 09.01.2020 with 105 Profit.
TP2 @ 1.0830 touched at 09.02.2020 with 130 Profit.
60 + 105 + 130 = 295
Open Profit:
Profit for one trade is 1.0830(current price) - 1.0960(open price) = 130
2 trade(s) still open, therefore total profit for open trade(s) is 130 x 2 = 260
All SLs moved to Break-even point.
Take Profit:
TP4= @ 1.0800
TP5= @ 1.0763
Trade closed: target reached
652 pips profit...Total Profit: 652
Closed trade(s): 652 Profit
Open trade(s): 0 Profit
Update Details:
Closed Profit:
TP1 @ 1.0900 touched at 09.01.2020 with 60 Profit.
TP2 @ 1.0855 touched at 09.01.2020 with 105 Profit.
TP3 @ 1.0830 touched at 09.02.2020 with 130 Profit.
TP4 @ 1.0800 touched at 09.17.2020 with 160 Profit.
TP5 @ 1.0763 touched at 09.22.2020 with 197 Profit.
60 + 105 + 130 + 160 + 197 = 652
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