ForecastCity_ME

💡Don't miss the great buy opportunity in USDZAR

Long
OANDA:USDZAR   U.S. Dollar / South African Rand
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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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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Comments

Lovely analysis man!
+2 Reply
ForecastCity_ME carefulOwl22772
@carefulOwl22772, Thank you for your comment. We appreciate it
+1 Reply
Well done
+1 Reply
ForecastCity_ME AR_kooshani
@AR_kooshani, Thank you
Reply
Great quality! Thank you!
+1 Reply
@Lizabet, You're very welcome!
We hope you enjoy it.
Reply
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