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Weekly forecast Eidoo technical chart
Symbol EDOUSD

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Trade Setup
#EDOUSD
Total Profit: 14974 pip (380%)
Closed trade(s): 2670 pip Profit (68%)
Open trade(s): 12304 pip Profit (312%)

Trade Setup:
We opened 10 BUY trade(s) @ 0.3945 based on 'Valley' entry method at 2021.01.16.

Closed Profit:
TP1 @ 0.4775 touched at 2021.01.25 with 830 pip Profit (21%).
TP2 @ 0.5785 touched at 2021.01.30 with 1840 pip Profit (47%).
830 (21%) + 1840 (47%) = 2670 pip (68%)

Open Profit:
Profit for one trade is 0.5483(current price) - 0.3945(open price) = 1538 pip (39%)
8 trade(s) still open, therefore total profit for open trade(s) is 1538 (39%) x 8 = 12304 pip (312%)

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.

DateJanuary 31, 2021 - 13:27
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.2790, beginning of uptrend is expected.
  • We make sure when the resistance at 0.7255 breaks.
  • If the support at 0.2790 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 0.3454 on 01/11/2021, so more losses to support(s) 0.4775, 0.3710 and minimum to Major Support (0.2790) 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 70.

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