While the price is above the support 18.20995, beginning of uptrend is expected.
We make sure when the resistance at 26.50000 breaks.
If the support at 18.20995 is broken, the short-term forecast -beginning of uptrend- will be invalid.
A trough is formed in at 18.29715 on 05/07/2020, so more gains maximum to Major Resistance (26.50000) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
( ) is 71.
. There is a possibility of temporary retracement to suggested (0.00002171 to 0.00002090). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00002171)
Ending of entry zone (0.00002090)
We opened 12 BUY trade(s) @ 0.00002182 based on 'Valley' entry method at 2020.03.27.
Total Profit: 4824 pip
Closed trade(s): 468 pip Profit
Open trade(s): 4356 pip Profit
TP1 @ 0.00002650 touched at 06.04.2020 with 468 pip Profit.
Profit for one trade is 0.00002578(current price) - 0.00002182(open price) = 396 pip
12 trade(s) still open, therefore total profit for open trade(s) is 396 x 11 = 4356 pip
❤️ 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 ❤️
"Weekly Forecast" for 36 Forex Pairs (published through the website)
"Weekly Forecast" for 34 CryptoCurrency (published through the website)
"Weekly Forecast" for "Gold", "Silver", "Brent oil", "WTI", "Natural Gas" (published through the website)
"Daily Trading Opportunity" (DTO) for 28 Forex Pairs (published through the website)
"Intraday Forecast" for 9 Forex Pairs (published through the website & ForecastCity Intraday Indicator ©)