💡EURGBP Second Chance: Profit=612 SL=136 Reward/Risk > 4.5:1

Dec 3, 2020

Second Chance Trade Setup summary:

Profit targets= 612 = {TP2 = 57 + TP3 = 105 + TP4 = 160 + TP5 = 290}
Stop Loss = 136 pip
Reward/Risk > 4.5 : 1

New Trading suggestion:
". There is still a possibility of temporary retracement to suggested support line (0.9000) again.
if so, traders can set orders based on Price Action and expect to reach short-term targets."

New Take Profits:
TP2= @ 0.9057
TP3= @ 0.9105
TP4= @ 0.9160
TP5= @ 0.9290

SL= Break below 0.8965

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Current Status of First Buy:

Total Profit: 463 pip
Closed trade(s): 183 Profit
Open trade(s): 280 Profit

Trade Setup:
We opened 5 BUY trade(s) @ 0.8937 based on 'previous Forecast' at 2020.12.01 :

Closed Profit:
TP1 @ 0.9000 touched at 2020.12.01 with 63 pip Profit.
TP2 @ 0.9057 touched at 2020.12.02 with 120 pip Profit.
63 + 120 = 183

Open Profit:
Open trade is 0.9007 (current price) - 0.8937 (open price) = 70 pip
4 trade(s) still open, therefore total profit for open trade(s) is 70 x 4 = 280

Technical analysis:
. EURGBP is in an uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 55.

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