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Weekly forecast Eidoo technical chart
Symbol EDOUSD

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Trade Setup
#EDOUSD
Total Profit: 45765 pip
Closed trade(s): 16180 pip Profit
Open trade(s): 29585 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.
TP4 @ 0.8230 touched at 2020.07.19 with 4920 pip Profit.
TP5 @ 1.0395 touched at 2020.07.22 with 7085 pip Profit.
235 + 1465 + 2475 + 4920 + 7085 = 16180 pip

Open Profit:
Profit for one trade is 0.9227(current price) - 0.3310(open price) = 5917 pip
5 trade(s) still open, therefore total profit for open trade(s) is 5917 x 5 = 29585 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 0.7625 is broken, we will close open trades.
DateAugust 23, 2020 - 14:32
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 0.7625 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 0.7625 is broken.

Technical analysis:

  • The RSI uptrend #1 is broken, so the probability of continuation of uptrend is decreased.
  • While the RSI downtrend #2 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 1.3700 on 08/13/2020, so more losses to support(s) 0.8230 and minimum to Major Support (0.7625) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 40.

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
History
Daily-Trading-Opportunities on EDOUSD.