Don't miss the great sell opportunity in EURCAD

Oct 1, 2020

Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.567). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. EURCAD 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 30.

Take Profits:
TP1= @ 1.5570
TP2= @ 1.5520
TP3= @ 1.5430
TP4= @ 1.5195
TP5= @ 1.5050

SL: Break Above 1.574

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Oct 10, 2020

Trade active

542 pips profit...
Total Profit: 542
Closed trade(s): 182 Profit
Open trade(s): 360 Profit



Update Details:

Closed Profit:
TP1 @ 1.5570 touched at 10.20.2020 with 66 Profit.
TP2 @ 1.5520 touched at 10.20.2020 with 116 Profit.
66 + 116 = 182

Open Profit:
Profit for one trade is 1.5516(current price) - 1.5636(open price) = 120
3 trade(s) still open, therefore total profit for open trade(s) is 120 x 3 = 360
All SLs moved to Break-even point.

Take Profit:
TP3= @ 1.5430
TP4= @ 1.5195
TP5= @ 1.5050