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.
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Trade active
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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
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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