ForecastCity_ME

💡 Don't miss the great sell opportunity in EURCAD

Short
ForecastCity_ME Updated   
FX:EURCAD   Euro / Canadian Dollar
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.5665). 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 52.

Take Profits:
TP1= @ 1.5580
TP2= @ 1.5526
TP3= @ 1.5450
TP4= @ 1.5370
TP5= @ 1.5280

SL: Break Above R2

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Trade active: 751 pips profit...
Total Profit: 751
Closed trade(s): 367 Profit
Open trade(s): 384 Profit

Update Details:

Closed Profit:
TP1 @ 1.5580 touched at 12.04.2020 with 60 Profit.
TP2 @ 1.5526 touched at 12.04.2020 with 115 Profit.
TP3 @ 1.5450 touched at 12.09.2020 with 192 Profit.
60 + 115 + 192 = 367

Open Profit:
Profit for one trade is 1.5450(current price) - 1.5642(open price) = 192
2 trade(s) still open, therefore total profit for open trade(s) is 192 x 2 = 384
All SLs moved to Break-even point.

Take Profit:
TP4= @ 1.5370
TP5= @ 1.5280

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