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Trend Hunter performance since 2015 for this symbol

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Weekly forecast Euro vs. British Pound technical chart
Symbol EURGBP

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Trade Setup
#EURGBP
Total Profit: 1079 pip
Closed trade(s): 651 pip Profit
Open trade(s): 428 pip Profit

Trade Setup:
We opened 4 SELL trade(s) @ 0.8842 based on 'Peak' at 2019.10.10 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

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.
TP3 @ 0.8490 touched at 2019.12.04 with 352 pip Profit.
87 + 212 + 352 = 651 pip

Open Profit:
Profit for one trade is 0.8842(open price) - 0.8414(current price) = 428 pip
1 trade(s) still open, therefore total profit for open trade(s) is 428 x 1 = 428 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 0.8490 is broken, we will close open trades.
  • Price may also reach 0.8490, 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, 12/07/2019 - 17:35
Currentdowntrend
Forecastcontinuation of downtrend
Last weekBearish

Midterm forecast:

  • 0.8490 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 0.8490 is broken.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 0.8575 on 12/02/2019, so more losses to support(s) 0.8400, 0.8120, 0.7840 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 29.

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, 18 Jan 2020
Euro vs. British Pound (EURGBP) free Sat, 11 Jan 2020
Euro vs. British Pound (EURGBP) Sat, 4 Jan 2020
Euro vs. British Pound (EURGBP) Sat, 28 Dec 2019
Euro vs. British Pound (EURGBP) Sun, 22 Dec 2019