Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (81.45). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis: . CADJPY 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 35.
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399pips profit... Total Profit: 399 Closed trade(s): 120 Profit Open trade(s): 279 Profit
Update Details:
Closed Profit: TP1 @ 80.90 touched at 12.18.2020 with 38 Profit. TP2 @ 80.46 touched at 12.21.2020 with 82 Profit. 38 + 82 = 120
Open Profit: Profit for one trade is 80.35(current price) - 81.28(open price) = 93 3 trade(s) still open, therefore total profit for open trade(s) is 93 x 3 = 279 All SLs moved to Break-even point.