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Classic Double Top!Let's Start by admitting the fact that price action works like crisp in FOREX. A beautiful breakout at $1.36459 made GBPUSD hit $1.37437 - $1.37493 Levels. Which happened to be a small time resistance level. (During October 2021) Price then reacted to the resistance and set up its camp down at $1.37007 Levels. Selling pressure was still intact when it tried crossing $1.37437 - $1.37493 Levels again - 1st Indication for a possible Double top. I.e, $1.37007 Levels Could possibly be the Neck Line. Hah! That's what happened! Price Almost respected our resistance level, and started its jouney downwards. - 2nd Indication for a Double Top. EMA 9 Going below EMA 21 + RSI breaking its 47 levels Made themselves in the play for going short. Candle at 7:30 with its good selling pressure and closing below the neckline confirmed the death of $1.37007 levels - THE FINAL INDICATION. And the trade went on it's journey downwards as predicted.
by pranay0508mishra
6
Dollar Index Cast ForwardExpecting Bullish weeks and reversal after New interest rates are out: With Dollar index moving higher, expect it to rise until the next FED meeting on 22nd September 2021. Technically, Price will look to sweep liquidity built during the past few bearish months! Remember Trends in this timeframe (monthly) last for a long time. Once the key level of 97.750 is broken, expect a bullish period for dollar. Track interest rates: Investing . com To watch seasonal tendency charts : equityclock . com Note: The above is just for educational purposes. Forex market is subjective in nature. Trading is subjective to financial risks, please do your own analysis and manage your risk properly!
TVC:DXYLong
by theAjayKumar
Live Challenging Market Analysis Buy USDCAD @ 1.25725Live Challenging Market Analysis Buy USDCAD @ 1.25725 Target @ 1.37131 Entry 2 @ 1.24000 Target Buy 1 & 2 @ 1.37131 Our Unique Features: ————————————————————— 1. Follow our 15 signals ….10% equity will increase in your account for sure. 2. We are not Trailing stop! or average the trades. 3. 2% Risk Management Per trade. 4. Risk vs Reward up to 1:7. Note: Trade signals would usually have a risk to reward ratio of 1:2. It means that even 2 out of 4 signals hits their SL marks, the other two would have closed with profit. This allows you to be good in overall pips profit. Signals are usually inter-day (Based on the daily candle) therefore, trades would usually have a holding time of an average minimum of 24 hours. Note: Everything works with Best money management. Note: Please leave comments for any query. Disclaimer: This is my trading experience, it is not an invite or recommendation to trade. Best Wishes Forex Tamil
by Tradingwithtamil
1
Don't miss the great buy opportunity in CADCHFTrading suggestion: ". There is a possibility of temporary retracement to suggested support line (0.6925). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . CADCHF 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 55. Take Profits: TP1= @ 0.6945 TP2= @ 0.6962 TP3= @ 0.6989 TP4= @ 0.7001 TP5= @ 0.7032 SL= Break below S3 ❤️ 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 ❤️
Long
by ForecastCity_ME
9
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 ❤️ 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 do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
16
Don't miss the great buy opportunity in GBPCADTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.7310). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPCAD 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 55. Take Profits: TP1= @ 1.7428 TP2= @ 1.7534 TP3= @ 1.7673 TP4= @ 1.7793 TP5= @ 1.8033 SL= Break below 1.7235 ❤️ 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 do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
8
Don't miss the great sell opportunity in NZDJPYTrading suggestion: . There is a possibility of temporary retracement to suggested resistance line (69.55). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NZDJPY 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 36. Take Profits: TP1= @ 69.00 TP2= @ 68.69 TP3= @ 68.12 TP4= @ 67.36 TP5= @ 66.78 SL= Break above R2 ❤️ 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 do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity_ME
10
AUDNZD Update: Profit=863 SL=120 Reward/Risk > 7.2:1 Trade Setup summary: Profit targets=863 pip (60 + 110 + 173 + 230 + 290) Stop Loss =120 pip Reward/Risk > 7.2 : 1 Current Status: Total Profit: 649 pip Closed trade(s): 649 pip Profit Open trade(s): 0 pip Profit Trade Setup: We opened 5 BUY trade(s) @ 1.0676 based on 'previous Forecast' at 2020.07.27 : Closed Profit: TP1 @ 1.0890 touched at 2020.07.27 with 45 pip Profit. TP2 @ 1.0867 touched at 2020.07.28 with 72 pip Profit. TP3 @ 1.0813 touched at 2020.08.04 with 137 pip Profit. TP4 @ 1.0748 touched at 2020.08.10 with 191 pip Profit. TP5 @ 1.0721 touched at 2020.08.11 with 204 pip Profit. 45 + 72+ 137 + 191 + 204 = 649 Technical analysis: . AUDNZD 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 45. New Trading suggestion: . There is still a possibility of temporary retracement to suggested support line (1.0880) again. if so, traders can set orders based on Price Action and expect to reach short-term targets. New Take Profits: TP1= @ 1.0940 TP2= @ 1.0990 TP3= @ 1.1053 TP4= @ 1.1110 TP5= @ 1.1170 SL= Break below 1.0856 ❤️ 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 do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
6
EURCAD Update: Profit=14520 SL=3200 Reward/Risk > 4.5:1 Trade Setup summary: Profit targets=14520 pip (620 + 1480 + 2420 + 3350 + 6650) Stop Loss =3200 pip Reward/Risk > 4.5: 1 Current Status: Total Profit: 3740 pip Closed trade(s): 1260 pip Profit Open trade(s): 2480 pip Profit Trade Setup: We opened 5 BUY trade(s) @ 1.5784 based on 'previous Forecast' at 2020.08.06 : Closed Profit: TP1 @ 1.5658 touched at 2020.08.10 with 1260 pip Profit. Open Profit: Profit for one trade is 1.56580(current price) - 1.5720(open price) = 620 pip 4 trade(s) still open, therefore total profit for open trade(s) is 620 x 4 = 2480 pip 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 29 . New Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.5720) again. if so, traders can set orders based on Price Action and expect to reach short-term targets. New Take Profits: TP1= @ 1.5658 TP2= @ 1.5572 TP3= @ 1.5478 TP4= @ 1.5385 TP5= @ 1.5055 SL= Break above 1.5784 ❤️ 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 do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity_ME
10
GBPCAD Update: Profit=14920 SL=3000 Reward/Risk > 4.9 :1 Trade Setup summary: Profit targets=14920 pip (750 + 1230 + 2690 + 3850 + 6400) Stop Loss =3000 pip Reward/Risk > 4.9: 1 Current Status: Total Profit: 3588 pip Closed trade(s): 1980 pip Profit Open trade(s): 1608 pip Profit Trade Setup: We opened 5 BUY trade(s) @ 1.74050 based on 'previous Forecast' at 2020.08.05 : Closed Profit: TP1 @ 1.7480 touched at 2020.08.06 with 750 pip Profit. TP2 @ 1.7528 touched at 2020.08.06 with 1230 pip Profit. 750 + 1230 = 1980 Open Profit: Profit for one trade is 1.74586(current price) - 1.74050(open price) = 536 pip 3 trade(s) still open, therefore total profit for open trade(s) is 536 x 3 = 1608 pip Technical analysis: . GBPCAD 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. New Trading suggestion: . There is still a possibility of temporary retracement to suggested support line (1.7405) again. if so, traders can set orders based on Price Action and expect to reach short-term targets. New Take Profits: TP1= @ 1.7480 TP2= @ 1.7528 TP3= @ 1.7674 TP4= @ 1.7790 TP5= @ 1.8045 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 do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
8
DASHUSD Update: Profit=452310 SL=15356 Reward/Risk> 29.4:1 Trade Setup summary: Profit targets=452310 pip (1380 + 2180 + 5100 + 7605 + 11845 + 19465 + 33355 + 55640 + 73725 + 91790+ 150225) Stop Loss =15356 pip Reward/Risk > 29.4 : 1 Current Status: Total Profit: 12579 pip Closed trade(s): 809 pip Profit Open trade(s): 11770 pip Profit Trade Setup: We opened 12 BUY trade(s) @ 71.81 based on 'Valley' entry method at 2020.07.22. Closed Profit: TP1 @ 79.90 touched at 2020.07.28 with 809 pip Profit. Open Profit: Profit for one trade is 82.51(current price) - 71.81(open price) = 1070 pip 11 trade(s) still open, therefore total profit for open trade(s) is 1070 x 11 = 11770 pip Break Even 71.81 Trading suggestion: . There is still a possibility of temporary retracement to suggested support zone (66.10 - 57.90) again. if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . DASHUSD 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 76. Take Profits: TP1: 79.90 TP2: 87.90 TP3: 117.10 TP4: 142.15 TP5: 184.55 TP6: 260.75 TP7: 399.65 TP8: 622.50 TP9: 803.35 TP10: 984.00 TP11: 1568.35 TP12: Free ❤️ 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 do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
KRAKEN:DASHUSDLong
by ForecastCity_ME
15
Don't miss the great sell opportunity in NZDUSDTrading suggestion: . There is a possibility of temporary retracement to suggested resistance line (0.6671). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NZDUSD 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 43. Take Profits: TP1= @ 0.6611 TP2= @ 0.6578 TP3= @ 0.6521 TP4= @ 0.6450 TP5= @ 0.6384 SL= Break Above R2 ❤️ 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 do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity_ME
12
AUDNZD Update: Profit=659 pip SL=140 pip Reward/Risk > 4.7:1 Trade Setup summary: Profit targets=659 pip (45 + 72 + 137 + 191 + 214) Stop Loss =140 pip Reward/Risk > 4.7 : 1 Current Status: Total Profit: 309 pip Closed trade(s): 117 pip Profit Open trade(s): 192 pip Profit Trade Setup: We opened 5 BUY trade(s) @ 1.0676 based on 'previous Forecast' at 2020.07.27 : Closed Profit: TP1 @ 1.0721 touched at 2020.07.27 with 45 pip Profit. TP2 @ 1.0748 touched at 2020.07.28 with 72 pip Profit. 45+ 72 = 117 Open Profit: Profit for one trade is 1.0740(current price) - 1.0676(open price) = 64 pip 3 trade(s) still open, therefore total profit for open trade(s) is 64 x 3 = 192 pip Break Even 1.0676 Technical analysis: . AUDNZD is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 66. Trading suggestion: . There is still a possibility of temporary retracement to suggested UpTrend again. if so, traders can set orders based on Price Action and expect to reach short-term targets. Take Profits: TP1= @ 1.0721 TP2= @ 1.0748 TP3= @ 1.0813 TP4= @ 1.0867 TP5= @ 1.0890 SL= Break below S1 ❤️ 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 do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
10
Don't miss the great Sell opportunity in CADCHFTrading suggestion: . There is a possibility of temporary retracement to suggested resistance line (0.6888). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . CADCHF 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 37. Take Profits: TP1= @ 0.6846 TP2= @ 0.6810 TP3= @ 0.6770 TP4= @ 0.6740 TP5= @ 0.6610 SL= Break below R2 ❤️ 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 do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity_ME
8
AUDUSD . Weekly Technical Analysis UpdateMidterm forecast: . 0.7030 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: . While the RSI support #1 at 51 is not broken, the probability of price decrease would be too low. . A peak is formed in daily chart at 0.7176 on 07/22/2020, so more losses minimum to Major Support (0.7030) is expected. . Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. . Relative strength index (RSI) is 66. ❤️ 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 do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
by ForecastCity_ME
12
Don't miss the great buy opportunity in NZDUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.6600). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NZDUSD 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 54. Take Profits: TP1= @ 0.6638 TP2= @ 0.6705 TP3= @ 0.6768 TP4= @ 0.6820 TP5= @ 0.6893 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 do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
8
Don't miss the great buy opportunity in AUDNZDTrading suggestion: . There is a possibility of temporary retracement to suggested support lines. if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDNZD is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 47. Take Profits: TP1= @ 1.0721 TP2= @ 1.0748 TP3= @ 1.0813 TP4= @ 1.0867 TP5= @ 1.0890 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 do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
14
Don't miss the great buy opportunity in EURJPYTrading suggestion: . There is a possibility of temporary retracement to suggested support line (123.74). 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 uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 64. Take Profits: TP1= @ 124.03 TP2= @ 124.14 TP3= @ 124.30 TP4= @ 124.50 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 do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
12
AUDCHF Update: Profit=1160 pip SL=450 pip Reward/Risk > 2.6:1 Trade Setup summary: Profit targets=1160 pip (75 + 155 + 250 + 305 + 375) Stop Loss =450 pip Reward/Risk > 2.6 : 1 Current Status: Total Profit: 424 pip Closed trade(s): 72 pip Profit Open trade(s): 352 pip Profit Trade Setup: We opened 5 BUY trade(s) @ 0.6583 based on 'previous Forecast' at 2020.07.15 : Closed Profit: TP1 @ 0.6655 touched at 2020.07.21 with 72 pip Profit. Open Profit: Profit for one trade is 0.6671 (current price) - 0.6583(open price) = 88 pip 4 trade(s) still open, therefore total profit for open trade(s) is 88 x 4 = 352 pip Break Even 0.658 Technical analysis: . AUDCHF 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 72. Trading suggestion: . There is still a possibility of temporary retracement to suggested support line (0.658) again. if so, traders can set orders based on Price Action and expect to reach short-term targets. Take Profits: TP1= @ 0.6655 TP2= @ 0.6735 TP3= @ 0.6830 TP4= @ 0.6885 TP5= @ 0.6955 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 do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
16
GBPJPY Update: Profit=1445 pip SL=400 pip Reward/Risk > 3.6:1 Trade Setup summary: Profit targets=1445 pip (70+ 145+ 290+ 415+ 535) Stop Loss =400 pip Reward/Risk > 3.6 : 1 Current Status: Total Profit: 650 pip Closed trade(s): 215 pip Profit Open trade(s): 435 pip Profit Trade Setup: We opened 5 BUY trade(s) @ 134.35 based on 'previous Forecast' at 2020.07.17 : Open Profit: Profit for one trade is 135.8 (current price) - 134.35 (open price) = 145pip 3 trade(s) still open, therefore total profit for open trade(s) is 145 x = 435 pip Technical analysis: .GBPJPY is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 64. Trading suggestion: . There is a possibility of temporary retracement to suggested support line (134.35) again. if so, traders can set orders based on Price Action and expect to reach short-term targets. Take Profits: TP1= @ 120.65 TP2= @ 121.10 TP3= @ 121.10 TP4= @ 123.30 TP5= @ 124.44 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 do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
8