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Trend Hunter performance since 2015 for this symbol

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Weekly forecast British Pound vs. Australian Dollar technical chart

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Trade Setup
Total Profit: 552 pip
Closed trade(s): 69 pip Profit
Open trade(s): 483 pip Profit

Trade Setup:
We opened 8 SELL trade(s) @ 1.8579 (day close price) based on 'Two-day reversal candle (Shooting star)' at 2019.05.14 signaled by DTO:

Closed Profit:
TP1 @ 1.8510 touched at 2019.05.15 with 69 pip Profit.

Open Profit:
Profit for one trade is 1.8579(open price) - 1.8510(current price) = 69 pip
7 trade(s) still open, therefore total profit for open trade(s) is 69 x 7 = 483 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, 05/18/2019 - 11:09
Currentrange bound
Forecastbeginning of downtrend
Last weekBearish

Midterm forecast:

  • While the price is below the resistance 1.8880, beginning of downtrend is expected.
  • We make sure when the support at 1.8110 breaks.
  • If the resistance at 1.8880 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • The RSI bounced from the resistance #1 at 70 and it prevented price from more gains.
  • While the RSI uptrend #2 is not broken, bullish wave in price would continue.
  • A peak is formed in daily chart at 1.8875 on 05/06/2019, so more losses to support(s) 1.8370 and minimum to Major Support (1.8110) 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 51.

Take Profits:

  1. 1.8510
  2. 1.8370
  3. 1.8110
  4. 1.7650
  5. 1.7285
  6. 1.6860
  7. 1.5790
Click on the level to view price action history.