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Weekly forecast Eidoo technical chart
Symbol EDOUSD

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Trade Setup
#EDOUSD
Total Profit: 3670 pip (90%)
Closed trade(s): 0 pip Profit (0%)
Open trade(s): 3670 pip Profit (90%)

Trade Setup:
We opened 10 BUY trade(s) @ 0.3887 based on 'Valley' entry method at 2020.11.23.

Open Profit:
Profit for one trade is 0.4254(current price) - 0.3887(open price) = 367 pip (9%)
10 trade(s) still open, therefore total profit for open trade(s) is 367 (9%) x 10 = 3670 pip (90%)

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.

DateNovember 25, 2020 - 21:57
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.0340, beginning of uptrend is expected.
  • We make sure when the resistance at 0.4775 breaks.
  • If the support at 0.0340 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI resistance #1 at 55 is broken, so the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 0.2790 on 11/05/2020, so more gains maximum to Major Resistance (0.4775) 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 64.

Take Profits:

  1. 0.4775
  2. 0.5785
  3. 0.7255
  4. 0.8230
  5. 1.0395
  6. 1.3680
  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