ForecastCity_ME

Don't miss the great buy opportunity in EURCHF

Long
FX:EURCHF   Euro / Swiss Franc
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.06467). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. EURCHF is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 68.

Take Profits:
TP1= @ 1.06974
TP2= @ 1.07579
TP3= @ 1.08113
TP4= @ 1.08360
TP5= @ 1.09137

SL= Break below S2

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Trade active: 669 pips profit...

Total Profit: 669
Closed trade(s): 502 Profit
Open trade(s): 167 Profit

Update Details:

Closed Profit:
TP1 @ 1.06974 touched at 07.14.2020 with 47 Profit.
TP2 @ 1.07579 touched at 07.15.2020 with 108 Profit.
TP3 @ 1.08113 touched at 07.27.2020 with 161 Profit.
TP4 @ 1.08360 touched at 07.27.2020 with 186 Profit.
47 + 108 + 161 + 186 = 502

Open Profit:
Profit for one trade is 1.0817(current price) - 1.0650(open price) = 167
1 trade(s) still open, therefore total profit for open trade(s) is 167 x 1 = 167
All SLs moved to Break-even point.

Take Profit:
TP5= @ 1.09137

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