Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.5575). . if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis: . NZDUSD is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 67.
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638 pips profit... Total Profit: 638 Closed trade(s): 521 Profit Open trade(s): 117 Profit
Update Details:
Closed Profit: TP1 @ 0.5627 touched at 10.13.2022 with 60 Profit. TP2 @ 0.5673 touched at 10.14.2022 with 105 Profit. TP3 @ 0.5727 touched at 10.20.2022 with 160 Profit. TP4 @ 0.5764 touched at 10.21.2022 with 196 Profit.
60+ 105+ 160 + 196= 521
Open Profit: Profit for one trade is 0.5685(current price) - 0.5568(open price) = 117 1 trade(s) still open, therefore total profit for open trade(s) is 117x 1 = 117 All SLs moved to Break-even point.