AUDNZD Update: Profit=863 SL=120 Reward/Risk > 7.2:1

Trade Setup summary:

Profit targets=863 pip (60 + 110 + 173 + 230 + 290)
Stop Loss =120 pip
Reward/Risk > 7.2 : 1

Current Status:

Total Profit: 649 pip
Closed trade(s): 649 pip Profit
Open trade(s): 0 pip Profit

Trade Setup:
We opened 5 BUY trade(s) @ 1.0676 based on 'previous Forecast' at 2020.07.27 :

Closed Profit:
TP1 @ 1.0890 touched at 2020.07.27 with 45 pip Profit.
TP2 @ 1.0867 touched at 2020.07.28 with 72 pip Profit.
TP3 @ 1.0813 touched at 2020.08.04 with 137 pip Profit.
TP4 @ 1.0748 touched at 2020.08.10 with 191 pip Profit.
TP5 @ 1.0721 touched at 2020.08.11 with 204 pip Profit.
45 + 72+ 137 + 191 + 204 = 649

Technical analysis:
. AUDNZD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 45.

New Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (1.0880) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.

New Take Profits:
TP1= @ 1.0940
TP2= @ 1.0990
TP3= @ 1.1053
TP4= @ 1.1110
TP5= @ 1.1170

SL= Break below 1.0856

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