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Weekly forecast Eidoo technical chart
Symbol EDOUSD

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Trade Setup
#EDOUSD
Total Profit: -2700 pip
Closed trade(s): 0 pip Profit
Open trade(s): -2700 pip Profit

Trade Setup:
We opened 10 BUY trade(s) @ 0.3310 based on 'Valley' entry method at 2020.05.25.

Open Profit:
Profit for one trade is 0.3040(current price) - 0.3310(open price) = -270 pip
10 trade(s) still open, therefore total profit for open trade(s) is -270 x 10 = -2700 pip

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

DateMay 31, 2020 - 12:53
Currentuptrend
Forecastcontinuation of uptrend
Last weekBearish

Midterm forecast:

  • 0.0340 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:

  • A peak is formed in daily chart at 0.3535 on 05/25/2020, so more losses to support(s) 0.2700, 0.2325, 0.1700 and minimum to Major Support (0.0340) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 69.

Take Profits:

  1. 0.3545
  2. 0.4775
  3. 0.5785
  4. 0.8230
  5. 1.0395
  6. 1.4515
  7. 2.7205
  8. 3.5300
  9. 6.8690
Click on the level to view price action history.

Symbol Released Current Forecast
Eidoo (EDOUSD) new Sun, 12 Jul 2020
Eidoo (EDOUSD) Sun, 5 Jul 2020
Eidoo (EDOUSD) Sun, 28 Jun 2020
Eidoo (EDOUSD) Sun, 21 Jun 2020
Eidoo (EDOUSD) Sun, 14 Jun 2020