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Weekly forecast Euro / British Pound technical chart
Symbol EURGBP

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Trade Setup

#EURGBP
Total Profit: 5300 pip
Closed trade(s): 1250 pip Profit
Open trade(s): 4050 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) - 0.8711(current price) = 405 pip
10 trade(s) still open, therefore total profit for open trade(s) is 405 x 10 = 4050 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 0.89700 is broken, we will close open trades.
DateApril 8, 2018 - 11:37
Currentrange bound
Forecastresumption of downtrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 0.89700 would begin in Midterm.
  • We will close our open trades, if the Midterm level 0.89700 is broken.

Technical analysis:

  • A peak is formed in daily chart at 0.8795 on 03/30/2018, so more losses to support(s) 0.8625, 0.8490, 0.8345 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 37.

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) 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.