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Trend Hunter performance since 2015 for this symbol

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Weekly forecast Euro vs. British Pound technical chart

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Trade Setup
Total Profit: 127 pip
Closed trade(s): 22 pip Profit
Open trade(s): 105 pip Profit

Trade Setup:
We opened 8 SELL trade(s) @ 0.8987 (day close price) based on 'Peak' at 2019.07.18 signaled by DTO:

Closed Profit:
TP1 @ 0.8965 touched at 2019.07.19 with 22 pip Profit.

Open Profit:
Profit for one trade is 0.8987(open price) - 0.8972(current price) = 15 pip
7 trade(s) still open, therefore total profit for open trade(s) is 15 x 7 = 105 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, 07/20/2019 - 15:45
Currentrange bound
Forecastbeginning of downtrend
Last weekBullish

Midterm forecast:

  • While the price is below the resistance 0.9305, beginning of downtrend is expected.
  • We make sure when the support at 0.8825 breaks.
  • If the resistance at 0.9305 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • The RSI support #1 at 58 is broken, so the probability of beginning of downtrend is increased.
  • A peak is formed in daily chart at 0.9010 on 07/10/2019, so more losses to support(s) 0.8965, 0.8930, 0.8895 and minimum to Major Support (0.8825) 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 54.

Take Profits:

  1. 0.8965
  2. 0.8930
  3. 0.8895
  4. 0.8825
  5. 0.8725
  6. 0.8620
  7. 0.8490
Click on the level to view price action history.

Symbol Released Current Forecast
Euro vs. British Pound (EURGBP) free Sat, 7 Dec 2019
Euro vs. British Pound (EURGBP) free Sat, 30 Nov 2019
Euro vs. British Pound (EURGBP) Sat, 23 Nov 2019
Euro vs. British Pound (EURGBP) free Sat, 16 Nov 2019
Euro vs. British Pound (EURGBP) Sat, 9 Nov 2019