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Weekly forecast Euro / British Pound technical chart
Symbol EURGBP

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Trade Setup

#EURGBP
Total Profit: 3190 pip
Closed trade(s): 1250 pip Profit
Open trade(s): 1940 pip Profit
_______________________________________________
Trade Setup:
We opened 15 SELL trade(s) @ 0.9117 (day close price) based on 'Two-Day Reversal Candle (Shooting Star)' at 2017.09.08 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

Closed Profit:
TP1 @ 0.9045 touched at 2017.09.12 with 72 pip Profit.
TP2 @ 0.8930 touched at 2017.09.14 with 187 pip Profit.
TP3 @ 0.8850 touched at 2017.09.15 with 267 pip Profit.
TP4 @ 0.8785 touched at 2017.09.15 with 332 pip Profit.
TP5 @ 0.8725 touched at 2017.12.08 with 392 pip Profit.
72 + 187 + 267 + 332 + 392 = 1250 pip

Open Profit:
Profit for one trade is 0.9117(open price) - 0.8923(current price) = 194 pip
10 trade(s) still open, therefore total profit for open trade(s) is 194 x 10 = 1940 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 0.90450 is broken, we will close open trades.
DateMarch 3, 2018 - 18:27
Currentrange bound
Forecastresumption of downtrend

Midterm forecast:

  • While the price is below the resistance 0.90450, resumption of downtrend is expected.
  • We make sure when the support at 0.02650 breaks.
  • If the resistance at 0.90450 is broken, the short-term forecast -resumption of downtrend- will be invalid.
  • We will close our open trades, if the Midterm level 0.90450 is broken.

Technical analysis:

  • A trough is formed in daily chart at 0.8770 on 02/26/2018, so more gains to resistance(s) 0.8930, 0.9045 and maximum to Trend Hunter Sell Zone (0.9150 to 0.9305) 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 61.

Take Profits:

  1. 0.9045
  2. 0.8930
  3. 0.8850
  4. 0.8785
  5. 0.8725
  6. 0.8625
  7. 0.8490
  8. 0.8345
  9. 0.8250
  10. 0.8115
  11. 0.7750
  12. 0.7590
  13. 0.7415
  14. 0.6935
Click on the level to view price action history.
Symbol Released Current Forecast
Euro / British Pound (EURGBP) new Sun, 14 Apr 2024
Euro / British Pound (EURGBP) Sat, 6 Apr 2024
Euro / British Pound (EURGBP) Sat, 30 Mar 2024
Euro / British Pound (EURGBP) Sat, 23 Mar 2024
Euro / British Pound (EURGBP) Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on EURGBP.