AUDNZD Update: Profit=659 pip SL=140 pip Reward/Risk > 4.7:1
Trade Setup summary:
Profit targets=659 pip (45 + 72 + 137 + 191 + 214)
Stop Loss =140 pip
Reward/Risk > 4.7 : 1
Current Status:
Total Profit: 309 pip
Closed trade(s): 117 pip Profit
Open trade(s): 192 pip Profit
Trade Setup:
We opened 5 BUY trade(s) @ 1.0676 based on 'previous Forecast' at 2020.07.27 :
Closed Profit:
TP1 @ 1.0721 touched at 2020.07.27 with 45 pip Profit.
TP2 @ 1.0748 touched at 2020.07.28 with 72 pip Profit.
45+ 72 = 117
Open Profit:
Profit for one trade is 1.0740(current price) - 1.0676(open price) = 64 pip
3 trade(s) still open, therefore total profit for open trade(s) is 64 x 3 = 192 pip
Break Even 1.0676
Technical analysis:
. AUDNZD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 66.
Trading suggestion:
. There is still a possibility of temporary retracement to suggested UpTrend again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
Take Profits:
TP1= @ 1.0721
TP2= @ 1.0748
TP3= @ 1.0813
TP4= @ 1.0867
TP5= @ 1.0890
SL= Break below S1
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Profit targets=659 pip (45 + 72 + 137 + 191 + 214)
Stop Loss =140 pip
Reward/Risk > 4.7 : 1
Current Status:
Total Profit: 309 pip
Closed trade(s): 117 pip Profit
Open trade(s): 192 pip Profit
Trade Setup:
We opened 5 BUY trade(s) @ 1.0676 based on 'previous Forecast' at 2020.07.27 :
Closed Profit:
TP1 @ 1.0721 touched at 2020.07.27 with 45 pip Profit.
TP2 @ 1.0748 touched at 2020.07.28 with 72 pip Profit.
45+ 72 = 117
Open Profit:
Profit for one trade is 1.0740(current price) - 1.0676(open price) = 64 pip
3 trade(s) still open, therefore total profit for open trade(s) is 64 x 3 = 192 pip
Break Even 1.0676
Technical analysis:
. AUDNZD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 66.
Trading suggestion:
. There is still a possibility of temporary retracement to suggested UpTrend again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
Take Profits:
TP1= @ 1.0721
TP2= @ 1.0748
TP3= @ 1.0813
TP4= @ 1.0867
TP5= @ 1.0890
SL= Break below S1
❤️ 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 ❤️