💡Don't miss the great buy opportunity in USDZAR
Updated
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (14.7415).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDZAR 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 70.
Take Profits:
TP1= @ 15.0992
TP2= @ 15.2928
TP3= @ 15.4861
TP4= @ 15.7403
TP5= @ 16.0805
TP6= @ 16.7300
SL= Break below S2
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". There is a possibility of temporary retracement to suggested support line (14.7415).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDZAR 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 70.
Take Profits:
TP1= @ 15.0992
TP2= @ 15.2928
TP3= @ 15.4861
TP4= @ 15.7403
TP5= @ 16.0805
TP6= @ 16.7300
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 you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Trade active
24783 pips profit...Total Profit: 24783
Closed trade(s): 11883 Profit
Open trade(s): 12900 Profit
Update Details:
Closed Profit:
TP1 @ 15.0992 touched at 01.06.2021 with 2026 Profit.
TP2 @ 15.2928 touched at 01.07.2021 with 3962 Profit.
TP3 @ 15.4861 touched at 01.07.2021 with 5895 Profit.
2026 + 3962 + 5895 = 11883
Open Profit:
Profit for one trade is 15.3266(current price) - 14.8966(open price) = 4300
3 trade(s) still open, therefore total profit for open trade(s) is 4300 x 3 = 12900
All SLs moved to Break-even point.
Take Profit:
TP4= @ 15.7403
TP5= @ 16.0805
TP6= @ 16.7300
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