Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (138.55). . if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis: . EGLDUSD is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 55.
❤️ 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 / Crypto trader?
Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️ ForecastCity English Support Team ❤️
Trade active
⋅
153.7% profit... Total Profit: 153.7% Closed trade(s): 113.8% Profit Open trade(s): 39.90% Profit
Update Details:
Closed Profit: TP1 @ 156.71 touched at 03.15.2022 with 12.8% Profit. TP2 @ 168.18 touched at 03.16.2022 with 21% Profit. TP3 @ 183.35 touched at 03.22.2022 with 32% Profit. TP4 @ 206.16 touched at 03.28.2022 with 48% Profit.
12.8% + 21% + 32% + 48% = 113.8%
Open Profit: Profit for one trade is 194.85(current price) - 139 (open price) = 39.90% 1trade(s) still open, therefore total profit for open trade(s) is 39.90% x 1= 39.90% All SLs moved to Break-even point.