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Weekly forecast Eidoo technical chart
Symbol EDOUSD

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Trade Setup

#EDOUSD
Total Profit: 68668 pip (1743%)
Closed trade(s): 68668 pip Profit (1743%)
Open trade(s): 0 pip Profit (0%)

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%)

Closed Profit:
Profit for one trade is 1.0286(current price) - 0.3945(open price) = 6341 pip (161%)
3 trade(s) closed at market price as the major support is broken, therefore total profit will increase by 6341 (161%) x 3 = 19023 pip (483%)

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.
DateMay 25, 2021 - 12:49
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.7255, beginning of uptrend is expected.
  • We make sure when the resistance at 1.3680 breaks.
  • If the support at 0.7255 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 3.2760 on 05/06/2021, so more losses to support(s) 0.8230 and minimum to Major Support (0.7255) 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 34.

Supports and Resistances:

  1. 6.8690
  2. 3.5300
  3. 2.7205
  4. 1.3680
  5. 1.0330
  6. 0.8230
  7. 0.7255
  8. 0.5785
  9. 0.4775
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.