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Weekly forecast Elrond technical chart
Symbol EGLDUSD

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Trade Setup

#EGLDUSDT
Total Profit: 45265 pip (570%)
Closed trade(s): 17265 pip Profit (218%)
Open trade(s): 28000 pip Profit (352%)

Trade Setup:
We opened 9 BUY trade(s) @ 79.38 based on 'Valley' entry method at 2021.07.22.

Closed Profit:
TP1 @ 86.30 touched at 2021.07.24 with 692 pip Profit (9%).
TP2 @ 99.00 touched at 2021.08.02 with 1962 pip Profit (25%).
TP3 @ 107.95 touched at 2021.08.05 with 2857 pip Profit (36%).
TP4 @ 126.55 touched at 2021.08.08 with 4717 pip Profit (59%).
TP5 @ 149.75 touched at 2021.08.17 with 7037 pip Profit (89%).
692 (9%) + 1962 (25%) + 2857 (36%) + 4717 (59%) + 7037 (89%) = 17265 pip (218%)

Open Profit:
Profit for one trade is 149.38(current price) - 79.38(open price) = 7000 pip (88%)
4 trade(s) still open, therefore total profit for open trade(s) is 7000 (88%) x 4 = 28000 pip (352%)

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 99.00 is broken, we will close open trades.

DateAugust 22, 2021 - 08:27
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 99.00 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 99.00 is broken.

Technical analysis:

  • A trough is formed in daily chart at 65.00 on 07/20/2021, so more gains to resistance(s) 149.75, 172.25, 204.65 and more heights 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 73.

Take Profits:

  1. 86.30
  2. 99.00
  3. 107.95
  4. 126.55
  5. 149.75
  6. 172.25
  7. 204.65
  8. 245.10
Click on the level to view price action history.

Symbol Released Current Forecast
Elrond (EGLDUSD) Sun, 24 Mar 2024
Elrond (EGLDUSD) Sun, 17 Mar 2024
Elrond (EGLDUSD) Sun, 10 Mar 2024
Elrond (EGLDUSD) Sun, 3 Mar 2024
Elrond (EGLDUSD) Sat, 24 Feb 2024