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.
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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.