Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.2805). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis: . GBPUSD 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 55.
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864 pips profit... Total Profit: 864 Closed trade(s): 390 Profit Open trade(s): 474 Profit
Update Details:
Closed Profit: TP1 @ 1.2870 touched at 09.30.2020 with 65 Profit. TP2 @ 1.2930 touched at 09.30.2020 with 125 Profit. TP3 @ 1.3005 touched at 10.06.2020 with 161 Profit. 65 + 125 + 200 = 390
Open Profit: Profit for one trade is 1.3042(current price) - 1.2805(open price) = 237 2 trade(s) still open, therefore total profit for open trade(s) is 237 x 2 = 474 All SLs moved to Break-even point.