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Weekly forecast technical chart
Symbol AUDJPY

Download MT4 template file

Trade Setup

#AUDJPY
Total Profit: 3744 pip
Closed trade(s): 1820 pip Profit
Open trade(s): 1924 pip Profit

Trade Setup:
We opened 9 SELL trade(s) @ 88.11 (day close price) based on 'Peak' at 2018.01.09 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/A...

Closed Profit:
TP1 @ 87.00 touched at 2018.02.05 with 111 pip Profit.
TP2 @ 85.85 touched at 2018.02.06 with 226 pip Profit.
TP3 @ 84.70 touched at 2018.02.08 with 341 pip Profit.
TP4 @ 83.05 touched at 2018.02.28 with 506 pip Profit.
TP5 @ 81.75 touched at 2018.03.02 with 636 pip Profit.
111 + 226 + 341 + 506 + 636 = 1820 pip

Open Profit:
Profit for one trade is 88.11(open price) - 83.30(current price) = 481 pip
4 trade(s) still open, therefore total profit for open trade(s) is 481 x 4 = 1924 pip

DateSat, 04/14/2018 - 17:45
Currentrange bound
Forecastresumption of downtrend
Last weekBullish
Open82.11
High84.07 on Fri, 04/13/2018 - 11:30
Low81.96 on Mon, 04/09/2018 - 12:00
Close83.30

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 84.50 would begin in Midterm.
  • Price may also reach 84.50, if price reaches this level, we may enter by Daily-Trading-Opportunities, this entry is not according to Trend Hunter Strategy, and depends on personal strategies.
  • We will close our open trades, if the Midterm level 84.50 is broken.

Technical analysis:

  • A trough is formed in daily chart at 81.90 on 04/06/2018, so more gains to resistance(s) 84.70, 85.85, 87.00 and maximum to Trend Hunter Sell Zone (89.05 to 89.35) 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 56.

Trading suggestion:

  • We have already opened Sell trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets, the description can also be found below the image.
  • If the Midterm level 84.50 is broken, we will close these trades.

Take Profits: Click on the level to view price action history.

  1. 87.00
  2. 85.85
  3. 84.70
  4. 83.05
  5. 81.75
  6. 79.60
  7. 76.80
  8. 72.50

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AUDJPY new Sat, 21 Apr 2018
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