Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (14.7415). . if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis: . USDZAR is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 70.
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24783 pips profit... Total Profit: 24783 Closed trade(s): 11883 Profit Open trade(s): 12900 Profit
Update Details:
Closed Profit: TP1 @ 15.0992 touched at 01.06.2021 with 2026 Profit. TP2 @ 15.2928 touched at 01.07.2021 with 3962 Profit. TP3 @ 15.4861 touched at 01.07.2021 with 5895 Profit. 2026 + 3962 + 5895 = 11883
Open Profit: Profit for one trade is 15.3266(current price) - 14.8966(open price) = 4300 3 trade(s) still open, therefore total profit for open trade(s) is 4300 x 3 = 12900 All SLs moved to Break-even point.