Total Profit: 309 pip Closed trade(s): 117 pip Profit Open trade(s): 192 pip Profit
Trade Setup: We opened 5 BUY trade(s) @ 0.6583 based on 'previous Forecast' at 2020.07.15 :
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.
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