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.
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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.