Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (0.7795). if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis: . CADCHF is in a range bound, and the beginning of a downtrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 48.
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Trade closed: target reached
⋅
832 pips profit... Total Profit: 832 Closed trade(s): 832 Profit
Update Details:
Closed Profit: TP1= @ 0.7661 touched at 06.16.2022 with 41 Profit. TP2= @ 0.7617 touched at 06.16.2022 with 86 Profit. TP3= @ 0.7564 touched at 06.16.2022 with 140 Profit. TP4= @ 0.7470 touched at 06.16.2022 with 230 Profit. TP5= @ 0.7365 touched at 06.24.2022 with 335 Profit.