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Weekly forecast Eidoo technical chart
Symbol EDOUSD

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Trade Setup
#EDOUSD
Total Profit: 35171 pip
Closed trade(s): 4175 pip Profit
Open trade(s): 30996 pip Profit

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

Closed Profit:
TP1 @ 0.3545 touched at 2020.05.26 with 235 pip Profit.
TP2 @ 0.4775 touched at 2020.06.05 with 1465 pip Profit.
TP3 @ 0.5785 touched at 2020.06.11 with 2475 pip Profit.
235 + 1465 + 2475 = 4175 pip

Open Profit:
Profit for one trade is 0.7738(current price) - 0.3310(open price) = 4428 pip
7 trade(s) still open, therefore total profit for open trade(s) is 4428 x 7 = 30996 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.
  • If the Midterm level 0.3545 is broken, we will close open trades.

DateJuly 19, 2020 - 13:55
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 0.3545 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  • We will close our open trades, if the Midterm level 0.3545 is broken.

Technical analysis:

  • A trough is formed in daily chart at 0.6190 on 07/02/2020, so more gains to resistance(s) 0.8230, 1.0395, 1.2105 and more heights 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 63.

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) Sun, 19 Sep 2021
Eidoo (EDOUSD) Sun, 12 Sep 2021
Eidoo (EDOUSD) Sun, 5 Sep 2021
Eidoo (EDOUSD) Sat, 28 Aug 2021
Eidoo (EDOUSD) Sat, 21 Aug 2021