New Trading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line ( 123.00) again. if so, traders can set orders based on Price Action and expect to reach short-term targets."
New Take Profits: TP3= @ 121.90 TP4= @ 121.15 TP5= @ 120.25
Total Profit: 757 Closed trade(s): 226 Profit Open trade(s): 531 Profit
Trade Setup: We opened 5 Sell trade(s) @ 124.43 based on 'previous Forecast' at 09.16.2020:
Closed Profit: TP1 @ 123.60 touched at 09.17.2020 with 83 Profit. TP2 @ 123.00 touched at 09.21.2020 with 143 Profit. 83 + 143 = 226
Open Profit: Open trade is 122.66(current price) - 124.43 (open price) = 177 3 trade(s) still open, therefore total profit for open trade(s) is 177 x 3 = 531
Technical analysis: . EURJPY is in a downtrend and the continuation of downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 26.
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