Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (0.7768). if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis: . CADCHF is in a range bound, and the beginning of a downtrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 29.
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Trade closed: target reached
506 pips profit... Total Profit: 506 Closed trade(s): 506 Profit
Update Details:
Closed Profit: TP1 @ 0.7728 touched at 05.18.2022 with 54 Profit. TP2 @ 0.7699 touched at 05.18.2022 with 78 Profit. TP3 @ 0.7681 touched at 05.18.2022 with 96 Profit. TP4 @ 0.7659 touched at 05.18.2022 with 118 Profit. TP5 @ 0.7617 touched at 05.19.2022 with 160 Profit.
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