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Weekly forecast Euro / Singapore Dollar technical chart
Symbol EURSGD
Trade Setup

#EURSGD
Total Profit: 3387 pip
Closed trade(s): 1029 pip Profit
Open trade(s): 2358 pip Profit

Trade Setup:
We opened 7 SELL trade(s) @ 1.6120 based on 'Peak' at 2021.05.26.

Closed Profit:
TP1 @ 1.6100 touched at 2021.05.28 with 20 pip Profit.
TP2 @ 1.6010 touched at 2021.06.16 with 110 pip Profit.
TP3 @ 1.5841 touched at 2021.08.27 with 279 pip Profit.
TP4 @ 1.5500 touched at 2021.11.11 with 620 pip Profit.
20 + 110 + 279 + 620 = 1029 pip

Open Profit:
Profit for one trade is 1.6120(open price) - 1.5334(current price) = 786 pip
3 trade(s) still open, therefore total profit for open trade(s) is 786 x 3 = 2358 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 1.55660 is broken, we will close open trades.

DateNovember 20, 2021 - 19:28
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 1.55660 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 1.55660 is broken.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 1.5307 on 11/17/2021, so more gains to resistance(s) 1.5500 and maximum to Major Resistance (1.5566) 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 30.

Take Profits:

  1. 1.6100
  2. 1.6010
  3. 1.5841
  4. 1.5500
  5. 1.5240
  6. 1.4880
Click on the level to view price action history.

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