💡Don't miss the great sell opportunity in EURSGD
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.62151).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURSGD is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 38.
Take Profits:
TP1= @ 1.61337
TP2= @ 1.60841
TP3= @ 1.60507
TP4= @ 1.60003
TP5= @ 1.59573
SL: Break Above R2
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EURSGD
💡 Two buy opportunity in EURSGD, Mid-Term & Short-TermMid-Term Forecast
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (1.5928).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURSGD 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 50.
Take Profits:
TP1= @ 1.6100
TP2= @ 1.6254
TP3= @ 1.6305
TP4= @ 1.6440
TP5= @ 1.6785
SL= Break below S2
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Short-Term Forecast
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (1.5941).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURSGD is in a uptrend and the continuation 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= @ 1.6040
TP2= @ 1.6100
TP3= @ 1.6170
TP4= @ 1.6249
TP5= @ 1.6311
SL= Break below S2
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ForecastCity English Support Team ❤️
There is a possibility for second chance to buy in EURSGDTrading suggestion:
If the Midterm level 1.5240 is broken, we will close open trades.
Price may also reach 1.5240, if price reaches this level, there is a second chance to get more profit and reinvest by Daily-Trading-Opportunities signals. This suggestion is not according to our STRATEGY , and depends on personal strategies.
Midterm forecast:
While the price is above the support 1.5240, resumption of uptrend is expected.
We make sure when the resistance at 1.5960 breaks.
If the support at 1.5240 is broken, the short-term forecast -resumption of uptrend- will be invalid.
We will close our open trades, if the Midterm level 1.5240 is broken.
Technical analysis:
The ascending flag taking shape suggests we will soon see another leg higher.
A peak is formed in daily chart at 1.5545 on 04/20/2020, so more losses to support(s) 1.5365 and minimum to Major Support (1.5240) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 45.
Trade Setup:
Total Profit: 2678 pip
Closed trade(s): 2385 pip Profit
Open trade(s): 293 pip Profit
Trade Setup:
We opened 7 BUY trade(s) @ 1.5095 (day close price) based on 'Valley' at 2020.02.20.
Closed Profit:
TP1 @ 1.5160 touched at 2020.02.21 with 65 pip Profit.
TP2 @ 1.5240 touched at 2020.02.27 with 145 pip Profit.
TP3 @ 1.5365 touched at 2020.02.28 with 270 pip Profit.
TP4 @ 1.5570 touched at 2020.03.06 with 475 pip Profit.
TP5 @ 1.5720 touched at 2020.03.09 with 625 pip Profit.
TP6 @ 1.5900 touched at 2020.03.16 with 805 pip Profit.
65 + 145 + 270 + 475 + 625 + 805 = 2385 pip
Open Profit:
Profit for one trade is 1.5388(current price) - 1.5095(open price) = 293 pip
1 trade(s) still open, therefore total profit for open trade(s) is 293 x 1 = 293 pip