ForecastCity

Don't miss the great buy opportunity in USDCAD

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.305). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. USDCAD 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 52.

Take Profits:
TP1= @ 1.3115
TP2= @ 1.3167
TP3= @ 1.3330
TP4= @ 1.3330
TP5= @ 1.3488

SL= Break below S2

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ForecastCity English Support Team ❤️
Trade active: 574 pips profit...
Total Profit: 574
Closed trade(s): 362 Profit
Open trade(s): 212 Profit

Update Details:

Closed Profit:
TP1 @ 1.3115 touched at 09.07.2020 with 65 Profit.
TP2 @ 1.3167 touched at 09.08.2020 with 117 Profit.
TP3 @ 1.3230 touched at 09.08.2020 with 180 Profit.
65 + 117 + 180 = 362

Open Profit:
Profit for one trade is 1.3156(current price) - 1.3050(open price) = 106
2 trade(s) still open, therefore total profit for open trade(s) is 106 x 2 = 212
All SLs moved to Break-even point.

Take Profit:
TP4= @ 1.3330
TP5= @ 1.3488
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Comments

made 2 grand now im laughing
Reply
awesome explanation!!!!
Reply
ForecastCity allenrafsan
@allenrafsan, Thank you for your feedback. We hope you enjoy it.
Reply
Your analysis is very accurate
Reply
ForecastCity sara-kian-fx
@sara-kian-fx, Thank you. We hope you enjoy it.
Reply
follow
Reply
ForecastCity sharulreezal
@sharulreezal, Thanks
Reply
absolutely correct strategy
Reply
ForecastCity Mehmetozdemi
@Mehmetozdemi, Thank you for your feedback.
+2 Reply
ForecastCity Mehmetozdemi
@Mehmetozdemi, Please tell us how you see USDCAD?
+2 Reply
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