ForecastCity

πŸ’‘ Don't miss the great sell opportunity in CADJPY

Short
FX:CADJPY   Canadian Dollar / Japanese Yen
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (81.45). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. CADJPY 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 35.

Take Profits:
TP1= @ 80.90
TP2= @ 80.46
TP3= @ 79.81
TP4= @ 79.21
TP5= @ 78.35

SL: Break Above R2

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ForecastCity English Support Team ❀️
Trade active: 399pips profit...
Total Profit: 399
Closed trade(s): 120 Profit
Open trade(s): 279 Profit

Update Details:

Closed Profit:
TP1 @ 80.90 touched at 12.18.2020 with 38 Profit.
TP2 @ 80.46 touched at 12.21.2020 with 82 Profit.
38 + 82 = 120

Open Profit:
Profit for one trade is 80.35(current price) - 81.28(open price) = 93
3 trade(s) still open, therefore total profit for open trade(s) is 93 x 3 = 279
All SLs moved to Break-even point.

Take Profit:
TP3= @ 79.81
TP4= @ 79.21
TP5= @ 78.35
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