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Trend Hunter performance since 2015 for this symbol

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Weekly forecast Euro vs. British Pound technical chart

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Trade Setup
Total Profit: 733 pip
Closed trade(s): 299 pip Profit
Open trade(s): 434 pip Profit

Trade Setup:
We opened 4 SELL trade(s) @ 0.8842 based on 'Peak' at 2019.10.10 signaled by DTO:

Closed Profit:
TP1 @ 0.8755 touched at 2019.10.11 with 87 pip Profit.
TP2 @ 0.8630 touched at 2019.10.15 with 212 pip Profit.
87 + 212 = 299 pip

Open Profit:
Profit for one trade is 0.8842(open price) - 0.8625(current price) = 217 pip
2 trade(s) still open, therefore total profit for open trade(s) is 217 x 2 = 434 pip

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.
  • If the Midterm level 0.8820 is broken, we will close open trades.
  • Price may also reach 0.8820, if price reaches this level, there is a second chance to get more profit and reinvest by Daily-Trading-Opportunities signals. This suggestion is not according to Trend Hunter Strategy, and depends on personal strategies.

DateSat, 11/09/2019 - 17:53
Forecastcontinuation of downtrend
Last weekBearish

Midterm forecast:

  • 0.8820 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
  • We will close our open trades, if the Midterm level 0.8820 is broken.

Technical analysis:

  • A peak is formed in daily chart at 0.9020 on 10/10/2019, so more losses to support(s) 0.8490, 0.8400, 0.8120 and more depths 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 39.

Take Profits:

  1. 0.8755
  2. 0.8630
  3. 0.8490
Click on the level to view price action history.

Symbol Released Current Forecast
Euro vs. British Pound (EURGBP) new Sat, 7 Dec 2019
Euro vs. British Pound (EURGBP) free Sat, 30 Nov 2019
Euro vs. British Pound (EURGBP) Sat, 23 Nov 2019
Euro vs. British Pound (EURGBP) free Sat, 16 Nov 2019
Euro vs. British Pound (EURGBP) Sat, 9 Nov 2019