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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: 52 pip
Closed trade(s): 52 pip Profit
Open trade(s): 0 pip Profit

Trade Setup:
We opened 16 SELL trade(s) @ 0.9011 (day close price) based on 'Hammer' at 2019.01.03 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

Closed Profit:
TP1 @ 0.9005 touched at 2019.01.04 with 6 pip Profit.
TP2 @ 0.8965 touched at 2019.01.04 with 46 pip Profit.
6 + 46 = 52 pip

14 other break-even trades closed at entry price, therefore no profit no loss.

#EURGBP
Total Profit: 1348 pip
Closed trade(s): 139 pip Profit
Open trade(s): 1209 pip Profit

Trade Setup:
We opened 16 SELL trade(s) @ 0.9012 (day close price) based on 'Hammer' at 2019.01.10 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

Closed Profit:
TP1 @ 0.9005 touched at 2019.01.11 with 8 pip Profit.
TP2 @ 0.8965 touched at 2019.01.11 with 48 pip Profit.
TP3 @ 0.8930 touched at 2019.01.11 with 83 pip Profit.
8 + 48 + 83 = 139 pip

Open Profit:
Profit for one trade is 0.9012(open price) - 0.8920(current price) = 93 pip
13 trade(s) still open, therefore total profit for open trade(s) is 93 x 13 = 1209 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.

DateSat, 01/12/2019 - 20:40
Currentrange bound
Forecastbeginning of downtrend
Last weekBearish

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 0.9100 would begin in Midterm.

Technical analysis:

  • The RSI uptrend #1 is broken, so the probability of beginning of downtrend is increased.
  • A peak is formed in daily chart at 0.9060 on 01/11/2019, so more losses to support(s) 0.8895, 0.8850, 0.8795 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 44.

Take Profits:

  1. 0.9005
  2. 0.8965
  3. 0.8930
  4. 0.8895
  5. 0.8850
  6. 0.8795
  7. 0.8725
  8. 0.8685
  9. 0.8620
  10. 0.8530
  11. 0.8400
  12. 0.8120
  13. 0.7840
  14. 0.7495
  15. 0.6935
Click on the level to view price action history.

Symbol Released Current Forecast
Euro vs. British Pound (EURGBP) new Sat, 15 Jun 2019
Euro vs. British Pound (EURGBP) Sat, 8 Jun 2019
Euro vs. British Pound (EURGBP) Sat, 1 Jun 2019
Euro vs. British Pound (EURGBP) Sat, 25 May 2019
Euro vs. British Pound (EURGBP) Sat, 18 May 2019