H4 TA Update: Profit=1250 pip SL=350 pip Reward/Risk > 3.5 : 1
Updated
Trade Setup summary:
Profit targets=1250 pip (85 + 135 + 240 + 350 + 440)
Stop Loss =350 pip
Reward/Risk > 3.5 : 1
Current Status:
Total Profit: 140 pip
Closed trade(s): 0 pip Profit
Open trade(s): 140 pip Profit
Trade Setup:
We opened 5 BUY trade(s) @ 119.8 based on 'previous Forecast' at 2020.06.20 :
Open Profit:
Profit for one trade is 120.18 (current price) - 119.8 (open price) = 38 pip
5 trade(s) still open, therefore total profit for open trade(s) is 38 x 5 = 140 pip
Technical analysis:
.Price rejected from Uptrend (#1) and built a Hammer.
.A Head & Shoulder is taking shape; if price can break above Neckline, we expect to rich all of our targets.
. EURJPY is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 45.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (119.8) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
Take Profits:
TP1= @ 120.65
TP2= @ 121.10
TP3= @ 121.10
TP4= @ 123.30
TP5= @ 124.44
SL= Break below S2
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Profit targets=1250 pip (85 + 135 + 240 + 350 + 440)
Stop Loss =350 pip
Reward/Risk > 3.5 : 1
Current Status:
Total Profit: 140 pip
Closed trade(s): 0 pip Profit
Open trade(s): 140 pip Profit
Trade Setup:
We opened 5 BUY trade(s) @ 119.8 based on 'previous Forecast' at 2020.06.20 :
Open Profit:
Profit for one trade is 120.18 (current price) - 119.8 (open price) = 38 pip
5 trade(s) still open, therefore total profit for open trade(s) is 38 x 5 = 140 pip
Technical analysis:
.Price rejected from Uptrend (#1) and built a Hammer.
.A Head & Shoulder is taking shape; if price can break above Neckline, we expect to rich all of our targets.
. EURJPY is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 45.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (119.8) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
Take Profits:
TP1= @ 120.65
TP2= @ 121.10
TP3= @ 121.10
TP4= @ 123.30
TP5= @ 124.44
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Trade active
557 pips profit... Total Profit: 557
Closed trade(s): 85 Profit
Open trade(s): 472 Profit
Update Details:
Closed Profit:
TP1 @ 120.65 touched at 06.29.2020 with 85 Profit.
Open Profit:
Profit for one trade is 120.98(current price) - 119.80(open price) = 118
4 trade(s) still open, therefore total profit for open trade(s) is 118 x 4 = 472
All SLs moved to Break-even point.
Take Profit:
TP2= @ 121.10
TP3= @ 121.10
TP4= @ 123.30
TP5= @ 124.44
Trade active
665 pips profit... Total Profit: 665
Closed trade(s): 215 Profit
Open trade(s): 450 Profit
Update Details:
Closed Profit:
TP1 @ 120.65 touched at 06.29.2020 with 85 Profit.
TP2 @ 121.10 touched at 06.29.2020 with 130 Profit.
85 + 130 = 215
Open Profit:
Profit for one trade is 121.30(current price) - 119.80(open price) = 150
3 trade(s) still open, therefore total profit for open trade(s) is 150 x 3 = 450
All SLs moved to Break-even point.
Take Profit:
TP3= @ 121.10
TP4= @ 123.30
TP5= @ 124.44
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