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Weekly forecast Eidoo technical chart
Symbol EDOUSD

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Trade Setup
#EDOUSD
Total Profit: 74698 pip (1895%)
Closed trade(s): 26450 pip Profit (671%)
Open trade(s): 48248 pip Profit (1224%)

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%).
TP3 @ 0.7255 touched at 2021.01.31 with 3310 pip Profit (84%).
TP4 @ 0.8230 touched at 2021.01.31 with 4285 pip Profit (109%).
TP5 @ 1.0395 touched at 2021.01.31 with 6450 pip Profit (163%).
TP6 @ 1.3680 touched at 2021.02.10 with 9735 pip Profit (247%).
830 (21%) + 1840 (47%) + 3310 (84%) + 4285 (109%) + 6450 (163%) + 9735 (247%) = 26450 pip (671%)

Open Profit:
Profit for one trade is 1.6007(current price) - 0.3945(open price) = 12062 pip (306%)
4 trade(s) still open, therefore total profit for open trade(s) is 12062 (306%) x 4 = 48248 pip (1224%)

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 1.0395 is broken, we will close open trades.

DateFebruary 22, 2021 - 22:25
Currentuptrend
Forecastcontinuation of uptrend
Last weekBearish

Midterm forecast:

  • 1.0395 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 1.0395 is broken.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased.
  • While the RSI uptrend #2 is not broken, bullish wave in price would continue.
  • A peak is formed in daily chart at 2.2060 on 02/15/2021, so more losses to support(s) 1.4515, 1.3680, 1.2105 and minimum to Major Support (1.0395) 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 59.

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) new Sun, 11 Apr 2021
Eidoo (EDOUSD) Sun, 4 Apr 2021
Eidoo (EDOUSD) Tue, 23 Mar 2021
Eidoo (EDOUSD) free Thu, 4 Mar 2021
Eidoo (EDOUSD) Mon, 22 Feb 2021