New Trading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (1.5520) again. if so, traders can set orders based on Price Action and expect to reach short-term targets."
New Take Profits: TP3= @ 1.5430 TP4= @ 1.5195 TP5= @ 1.5050
Current Status of First Sell: Total Profit: 640 Closed trade(s): 190 Profit Open trade(s): 450 Profit
Trade Setup: We opened 5 Sell trade(s) @ 1.5640 based on 'previous Forecast' at 10.07.2020:
Closed Profit: TP1 @ 1.5570 touched at 10.08.2020 with 70 Profit. TP2 @ 1.5520 touched at 10.08.2020 with 120 Profit. 70 + 120 = 190
Open Profit: Open trade is 1.5490 (current price) - 1.5640 (open price) = 150 3 trade(s) still open, therefore total profit for open trade(s) is 150 x 3 = 450
Technical analysis: . EURCAD is in a downtrend and the continuation of downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 30.
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