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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: 3540 pip
Closed trade(s): 1629 pip Profit
Open trade(s): 1911 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.
TP3 @ 0.8930 touched at 2019.01.11 with 81 pip Profit.
TP4 @ 0.8895 touched at 2019.01.14 with 116 pip Profit.
TP5 @ 0.8850 touched at 2019.01.16 with 161 pip Profit.
TP6 @ 0.8795 touched at 2019.01.17 with 216 pip Profit.
TP7 @ 0.8725 touched at 2019.01.23 with 286 pip Profit.
TP8 @ 0.8685 touched at 2019.01.24 with 326 pip Profit.
TP9 @ 0.8620 touched at 2019.01.25 with 391 pip Profit.
6 + 46 + 81 + 116 + 161 + 216 + 286 + 326 + 391 = 1629 pip

Open Profit:
Profit for one trade is 0.9011(open price) - 0.8738(current price) = 273 pip
7 trade(s) still open, therefore total profit for open trade(s) is 273 x 7 = 1911 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 0.8850 is broken, we will close open trades.

DateSat, 02/09/2019 - 22:38
Currentdowntrend
Forecastcontinuation of downtrend
Last weekBearish

Midterm forecast:

  • 0.8850 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 0.8850 is broken.

Technical analysis:

  • While the RSI resistance #1 at 52 is not broken, the probability of price increase would be too low.
  • A peak is formed in daily chart at 0.8820 on 02/05/2019, so more losses to support(s) 0.8725, 0.8685, 0.8620 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 42.

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) Sat, 17 Aug 2019
Euro vs. British Pound (EURGBP) Sat, 10 Aug 2019
Euro vs. British Pound (EURGBP) Sat, 3 Aug 2019
Euro vs. British Pound (EURGBP) Sat, 27 Jul 2019
Euro vs. British Pound (EURGBP) free Sat, 20 Jul 2019