ForecastCity_ME

💡Don't miss the great buy opportunity in USDCAD

Long
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.303). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. USDCAD 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 61.

Take Profits:
TP1= @ 1.3095
TP2= @ 1.3148
TP3= @ 1.3200
TP4= @ 1.3280
TP5= @ 1.3370

SL= Break below S2

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ForecastCity English Support Team ❤️
Trade active: 338 pips profit...
Total Profit: 338
Closed trade(s): 119 Profit
Open trade(s): 219 Profit

Update Details:

Closed Profit:
TP1 @ 1.3095 touched at 11.12.2020 with 33 Profit.
TP2 @ 1.3148 touched at 11.13.2020 with 86 Profit.
33 + 86 = 119

Open Profit:
Profit for one trade is 1.3135 (current price) - 1.3062 (open price) = 73
3 trade(s) still open, therefore total profit for open trade(s) is 73 x 3 = 219
All SLs moved to Break-even point.

Take Profit:
TP3= @ 1.3200
TP4= @ 1.3280
TP5= @ 1.3370
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Comments

Impressive and excellent
+3 Reply
ForecastCity_ME DenizKilicDeniz
@DenizKilicDeniz, Thank you for your compliment.
+1 Reply
Another excellent chart. thnx
+3 Reply
ForecastCity_ME Mehmetozdemi
@Mehmetozdemi, Thank you. We appreciate your support.
+1 Reply
Great analysis buddy
Reply
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