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Trend Hunter performance since 2015 for this symbol

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Weekly forecast British Pound / Swiss Franc technical chart
Symbol GBPCHF

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Trade Setup
#GBPCHF
Total Profit: 3280 pip
Closed trade(s): 490 pip Profit
Open trade(s): 2790 pip Profit

Trade Setup:
We opened 9 BUY trade(s) @ 1.1915 (day close price) based on 'Hammer' at 2019.09.03 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/G...

Closed Profit:
TP1 @ 1.1940 touched at 2019.09.04 with 25 pip Profit.
TP2 @ 1.2075 touched at 2019.09.05 with 160 pip Profit.
TP3 @ 1.2220 touched at 2019.09.09 with 305 pip Profit.
25 + 160 + 305 = 490 pip

Open Profit:
Profit for one trade is 1.2380(current price) - 1.1915(open price) = 465 pip
6 trade(s) still open, therefore total profit for open trade(s) is 465 x 6 = 2790 pip

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
  • If the Midterm level 1.2075 is broken, we will close open trades.

DateSat, 09/14/2019 - 20:07
Currentuptrend
Forecastcontinuation of uptrend
Last weekBullish

Midterm forecast:

  • 1.2075 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  • We will close our open trades, if the Midterm level 1.2075 is broken.

Technical analysis:

  • A trough is formed in daily chart at 1.1850 on 09/03/2019, so more gains to resistance(s) 1.2475, 1.2685, 1.2915 and more heights 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 68.

Take Profits:

  1. 1.1940
  2. 1.2075
  3. 1.2220
  4. 1.2475
  5. 1.2685
  6. 1.2915
  7. 1.3400
  8. 1.3855
Click on the level to view price action history.

Symbol Released Current Forecast
British Pound / Swiss Franc (GBPCHF) new Sat, 30 May 2020
British Pound / Swiss Franc (GBPCHF) free Sat, 23 May 2020
British Pound / Swiss Franc (GBPCHF) Fri, 15 May 2020
British Pound / Swiss Franc (GBPCHF) Sat, 9 May 2020
British Pound / Swiss Franc (GBPCHF) Sat, 2 May 2020