Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.7310). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis: . GBPCAD 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 55.
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658 pips profit... Total Profit: 658 Closed trade(s): 118 Profit Open trade(s): 540 Profit
Update Details:
Closed Profit: TP1 @ 1.7428 touched at 08.18.2020 with 118 Profit.
Open Profit: Profit for one trade is 1.7445(current price) - 1.7310(open price) = 135 4 trade(s) still open, therefore total profit for open trade(s) is 135 x 4 = 540 All SLs moved to Break-even point.