Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.9407). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis: . GBPNZD 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 45.
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1027 pips profit... Total Profit: 1027 Closed trade(s): 501 Profit Open trade(s): 526 Profit
Update Details:
Closed Profit: TP1 @ 1.9480 touched at 09.27.2020 with 73 Profit. TP2 @ 1.9582 touched at 09.28.2020 with 175 Profit. TP3 @ 1.9660 touched at 09.28.2020 with 253 Profit. 73 + 175 + 253 = 501
Open Profit: Profit for one trade is 1.9670(current price) - 1.9407(open price) = 263 2 trade(s) still open, therefore total profit for open trade(s) is 263 x 2 = 526 All SLs moved to Break-even point.
Thank you very much!