💡EURCAD Second Chance: Profit=885 SL=60 Reward/Risk > 14.7:1Second Chance Trade Setup summary:
Profit targets=885 = {TP3= 90 + TP5= 325 + TP6= 470}
Stop Loss =60
Reward/Risk > 14.7:1
New Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (1.5520) again.
if so, traders can set orders based on Price Action and expect to reach short-term targets."
New Take Profits:
TP3= @ 1.5430
TP4= @ 1.5195
TP5= @ 1.5050
SL= Break above 1.5540
--------------------------------------------------------------------------------------------------
Current Status of First Sell:
Total Profit: 640
Closed trade(s): 190 Profit
Open trade(s): 450 Profit
Trade Setup:
We opened 5 Sell trade(s) @ 1.5640 based on 'previous Forecast' at 10.07.2020:
Closed Profit:
TP1 @ 1.5570 touched at 10.08.2020 with 70 Profit.
TP2 @ 1.5520 touched at 10.08.2020 with 120 Profit.
70 + 120 = 190
Open Profit:
Open trade is 1.5490 (current price) - 1.5640 (open price) = 150
3 trade(s) still open, therefore total profit for open trade(s) is 150 x 3 = 450
Technical analysis:
. EURCAD is in a downtrend and the continuation of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 30.
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EUR (Euro)
💡Don't miss the sell opportunity in EURJPYTrading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (124.850).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURJPY is in a range bound and the beginning of downtrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 30.
Take Profits:
TP1= @ 124.250
TP2= @ 123.850
TP3= @ 123.150
SL: Break Above R2
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Don't miss the great sell opportunity in EURCADTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.567). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURCAD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 30.
Take Profits:
TP1= @ 1.5570
TP2= @ 1.5520
TP3= @ 1.5430
TP4= @ 1.5195
TP5= @ 1.5050
SL: Break Above 1.574
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Don't miss the great buy opportunity in EURGBPTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.906). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURGBP 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 52.
Take Profits:
TP1= @ 0.9143
TP2= @ 0.9178
TP3= @ 0.9220
TP4= @ 0.9290
TP5= @ 0.9385
SL= Break below S3
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Don't miss this buy opportunity in EURCHFTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (1.0751).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURCHF 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 51.
Take Profits:
TP1= @ 1.0796
TP2= @ 1.0832
TP3= @ 1.0877
TP4= @ 1.0917
TP5= @ 1.0971
SL= Break below S3
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Don't miss the great buy opportunity in EURCAD Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (1.5670).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURCAD 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 74.
Take Profits:
TP1= @ 1.5750
TP2= @ 1.5828
TP3= @ 1.5978
SL= Break below S3
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EUR/JPY: I am a buyer.. Why? Hey guys,
Took a trade this morning on EUR/JPY. The reasons are the following:
- Resistance was broken and we see strong bullish candles on H1
- Price is above the daily pivot level, above VWAP and looks like it is also forming inside a flag
- The top of the flag is also a supply level = resistance
I am a buyer and will target 123.850 - 124.00 levels.
The R/R ratio for this trade is about 2.3.
Check out my previous ideas as well ;)
Trade at your own risk
Don't miss the great sell opportunity in EURGBPTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.9145). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURGBP is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 27.
Take Profits:
TP1= @ 0.9115
TP2= @ 0.9085
TP3= @ 0.9065
TP4= @ 0.9035
TP5= @ 0.8970
SL: Break Above R2
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Two buy opportunities on this chart for EURAUDMid-Term Forecast
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.635). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURAUD 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 60.
Take Profits:
TP1= @ 1.6550
TP2= @ 1.6885
TP3= @ 1.7315
TP4= @ 1.7815
TP5= @ 1.8570
SL= Break below S3
---------------------------------------------------------------------------------------------------------------------
Short-Term Forecast
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.6335). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURAUD 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 77.
Take Profits:
TP1= @ 1.6480
TP2= @ 1.6550
TP3= @ 1.6760
TP4= @ 1.6890
TP5= @ 1.7020
SL= Break below S3
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EURJPY Second Chance: Profit= 570 SL= 114 Reward/Risk > 5:1Second Chance Trade Setup summary:
Profit targets= 570 = {TP3= 110 + TP4= 185 + TP5= 275} pip
Stop Loss = 114 pip
Reward/Risk > 5 : 1
New Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line ( 123.00) again.
if so, traders can set orders based on Price Action and expect to reach short-term targets."
New Take Profits:
TP3= @ 121.90
TP4= @ 121.15
TP5= @ 120.25
SL= Break above 123.38
--------------------------------------------------------------------------------------------------
First Buy Current Status:
Total Profit: 757
Closed trade(s): 226 Profit
Open trade(s): 531 Profit
Trade Setup:
We opened 5 Sell trade(s) @ 124.43 based on 'previous Forecast' at 09.16.2020:
Closed Profit:
TP1 @ 123.60 touched at 09.17.2020 with 83 Profit.
TP2 @ 123.00 touched at 09.21.2020 with 143 Profit.
83 + 143 = 226
Open Profit:
Open trade is 122.66(current price) - 124.43 (open price) = 177
3 trade(s) still open, therefore total profit for open trade(s) is 177 x 3 = 531
Technical analysis:
. EURJPY is in a downtrend and the continuation of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 26.
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Don't miss the great sell opportunity in EURJPYTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (124.45). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURJPY is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 55.
Take Profits:
TP1= @ 123.75
TP2= @ 123.30
TP3= @ 123.05
SL: Break Above R2
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ForecastCity English Support Team ❤️
Don't miss the great sell opportunity in EURJPYTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (124.43). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURJPY is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 27.
Take Profits:
TP1= @ 123.60
TP2= @ 123.00
TP3= @ 121.90
TP4= @ 121.15
TP5= @ 120.25
SL: Break Above R2
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Two Sell opportunities on this chart for EURGBPMid-Term Forecast
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.918). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURGBP is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 53.
Take Profits:
TP1= @ 0.9060
TP2= @ 0.8970
TP3= @ 0.8860
TP4= @ 0.8685
TP5= @ 0.8475
SL: Break Above R2
---------------------------------------------------------------------------------------------------------------------
Short-Term Forecast
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.9175). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURGBP is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 40.
Take Profits:
TP1= @ 0.9105
TP2= @ 0.9060
TP3= @ 0.9015
TP4= @ 0.8965
TP5= @ 0.8865
SL: Break Above R2
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Don't miss the great sell opportunity in EURUSDTrading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (1.1952 & 1.1917).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURUSD is in a range bound and the beginning of downtrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 56.
Take Profits:
TP1= @ 1.1753
TP2= @ 1.1688
TP3= @ 1.1588
TP4= @ 1.1490
TP5= @ 1.1170
SL: Break Above R3
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Don't miss the great buy opportunity in EURCHF Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.06467). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURCHF 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 68.
Take Profits:
TP1= @ 1.06974
TP2= @ 1.07579
TP3= @ 1.08113
TP4= @ 1.08360
TP5= @ 1.09137
SL= Break below S2
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Don't miss the great sell opportunity in EURJPYTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (126.68). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURJPY is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 52.
Take Profits:
TP1= @ 125.95
TP2= @ 125.35
TP3= @ 124.30
TP4= @ 123.00
TP5= @ 122.35
SL: Break Above R2
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Trade well, ❤️
ForecastCity English Support Team ❤️