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Weekly forecast Eidoo technical chart
Symbol EDOUSD

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Trade Setup

#EDOUSD
Total Profit: 92029 pip (2334%)
Closed trade(s): 49645 pip Profit (1260%)
Open trade(s): 42384 pip Profit (1074%)

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 @ 1.0330 touched at 2021.01.31 with 6385 pip Profit (162%).
TP6 @ 1.3680 touched at 2021.02.10 with 9735 pip Profit (247%).
TP7 @ 2.7205 touched at 2021.03.22 with 23260 pip Profit (590%).
830 (21%) + 1840 (47%) + 3310 (84%) + 4285 (109%) + 6385 (162%) + 9735 (247%) + 23260 (590%) = 49645 pip (1260%)

Open Profit:
Profit for one trade is 1.8073(current price) - 0.3945(open price) = 14128 pip (358%)
3 trade(s) still open, therefore total profit for open trade(s) is 14128 (358%) x 3 = 42384 pip (1074%)

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 1.2105 is broken, we will close open trades.

DateApril 27, 2021 - 15:51
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 1.2105, resumption of uptrend is expected.
  • We make sure when the resistance at 3.1825 breaks.
  • If the support at 1.2105 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 1.2105 is broken.

Technical analysis:

  • A trough is formed in daily chart at 1.1885 on 04/23/2021, so more gains to resistance(s) 1.8315, 2.2060, 2.7205 and maximum to Major Resistance (3.1825) 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 46.

Take Profits:

  1. 0.4775
  2. 0.5785
  3. 0.7255
  4. 0.8230
  5. 1.0330
  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