EURCAD Update: Profit=14520 SL=3200 Reward/Risk > 4.5:1

11 ago 2020

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

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12 ago 2020

Nota

Amendment:
In this forecast, due to a bug in our counter expert, the numbers were not written correctly, and the results were declared with an additional zero.
We apologize for that.

Trade Setup summary:

Profit targets=1452 pip (62 + 148 + 242 + 335 + 665)
Stop Loss =320 pip
Reward/Risk > 4.5: 1

Current Status:

Total Profit: 374 pip
Closed trade(s): 126 pip Profit
Open trade(s): 248 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 126 pip Profit.

Open Profit:
Profit for one trade is 1.5658(current price) - 1.5720(open price) = 62 pip
4 trade(s) still open, therefore total profit for open trade(s) is 62 x 4 = 248 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 36.

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