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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: 5108 pip
Closed trade(s): 1820 pip Profit
Open trade(s): 3288 pip Profit

Trade Setup:
We opened 9 BUY trade(s) @ 1.1915 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.
TP4 @ 1.2475 touched at 2019.09.18 with 560 pip Profit.
TP5 @ 1.2685 touched at 2019.10.15 with 770 pip Profit.
25 + 160 + 305 + 560 + 770 = 1820 pip

Open Profit:
Profit for one trade is 1.2737(current price) - 1.1915(open price) = 822 pip
4 trade(s) still open, therefore total profit for open trade(s) is 822 x 4 = 3288 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 1.2340 is broken, we will close open trades.
  • Price may also reach 1.2340, if price reaches this level, there is a second chance to get more profit and reinvest by Daily-Trading-Opportunities signals. This suggestion is not according to Trend Hunter Strategy, and depends on personal strategies.

DateSat, 11/09/2019 - 17:55
Currentuptrend
Forecastcontinuation of uptrend
Last weekBearish

Midterm forecast:

  • 1.2340 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 1.2340 is broken.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 1.2090 on 10/08/2019, so more gains to resistance(s) 1.2915, 1.3400, 1.3855 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 60.

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, 7 Dec 2019
British Pound vs. Swiss Franc (GBPCHF) free Sat, 30 Nov 2019
British Pound vs. Swiss Franc (GBPCHF) free Sat, 23 Nov 2019
British Pound vs. Swiss Franc (GBPCHF) free Sat, 16 Nov 2019
British Pound vs. Swiss Franc (GBPCHF) free Sat, 9 Nov 2019