Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.5965). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis: . NZDCHF 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 70.
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745 pips profit... Total Profit: 745 Closed trade(s): 405 Profit Open trade(s): 340 Profit
Update Details:
Closed Profit: TP1 @ 0.6045 touched at 08.28.2020 with 80 Profit. TP2 @ 0.6090 touched at 08.28.2020 with 125 Profit. TP3 @ 0.6165 touched at 09.02.2020 with 200 Profit. 80 + 125 + 200 = 405
Open Profit: Profit for one trade is 0.6135(current price) - 0.5965(open price) = 170 2 trade(s) still open, therefore total profit for open trade(s) is 170 x 2 = 340 All SLs moved to Break-even point.