ForecastCity

💡 Don't miss the great sell opportunity in EURCAD

Short
FX:EURCAD   Euro / Canadian Dollar
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.5665). 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 52.

Take Profits:
TP1= @ 1.5580
TP2= @ 1.5526
TP3= @ 1.5450
TP4= @ 1.5370
TP5= @ 1.5280

SL: Break Above R2

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Trade well, ❤️
ForecastCity English Support Team ❤️
Trade active: 751 pips profit...
Total Profit: 751
Closed trade(s): 367 Profit
Open trade(s): 384 Profit

Update Details:

Closed Profit:
TP1 @ 1.5580 touched at 12.04.2020 with 60 Profit.
TP2 @ 1.5526 touched at 12.04.2020 with 115 Profit.
TP3 @ 1.5450 touched at 12.09.2020 with 192 Profit.
60 + 115 + 192 = 367

Open Profit:
Profit for one trade is 1.5450(current price) - 1.5642(open price) = 192
2 trade(s) still open, therefore total profit for open trade(s) is 192 x 2 = 384
All SLs moved to Break-even point.

Take Profit:
TP4= @ 1.5370
TP5= @ 1.5280
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Comments

Great chart. Thank you
+4 Reply
ForecastCity yusufipek1989
@yusufipek1989, You're welcome!
+3 Reply
Thanks a bunch
This is great.
+3 Reply
ForecastCity DenizKilicDeniz
@DenizKilicDeniz, Thank you for your comment.
Reply
Excellent and Comprehensive analysis.
+2 Reply
ForecastCity Mehmetozdemi
@Mehmetozdemi, Thank you for your comment. We appreciate it
Reply
The trend lines are excellent. I agree with your technical analysis. 👌
+1 Reply
ForecastCity Josef_anderson
@Josef_anderson, We're glad you like it.
Reply
Amazing chart! Keep the amazing work :)
+1 Reply
ForecastCity paulistanopoars
@paulistanopoars, Thanks for your kind comment. 👍
Reply