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Trend Hunter performance since 2015 for this symbol

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Weekly forecast British Pound vs. 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 vs. Swiss Franc (GBPCHF) new Sat, 19 Oct 2019
British Pound vs. Swiss Franc (GBPCHF) free Sat, 12 Oct 2019
British Pound vs. Swiss Franc (GBPCHF) Sat, 5 Oct 2019
British Pound vs. Swiss Franc (GBPCHF) Sat, 28 Sep 2019
British Pound vs. Swiss Franc (GBPCHF) free Sat, 21 Sep 2019