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Weekly forecast British Pound / Swiss Franc technical chart
Symbol GBPCHF

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Trade Setup

#GBPCHF
Total Profit: 684 pip
Closed trade(s): 100 pip Profit
Open trade(s): 584 pip Profit
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Trade Setup:
We opened 9 SELL trade(s) @ 1.3210 (day close price) based on 'Peak' at 2018.01.26 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/G...

Closed Profit:
TP1 @ 1.3110 touched at 2018.01.30 with 100 pip Profit.

Open Profit:
Profit for one trade is 1.3210(open price) - 1.3137(current price) = 73 pip
8 trade(s) still open, therefore total profit for open trade(s) is 73 x 8 = 584 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.

DateFebruary 4, 2018 - 15:07
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast beginning of downtrend.

Technical analysis:

  • A peak is formed in daily chart at 1.3490 on 01/25/2018, so more losses to support(s) 1.3110, 1.3000, 1.2865 and more depths 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 41.

Take Profits:

  1. 1.3110
  2. 1.3000
  3. 1.2865
  4. 1.2740
  5. 1.2645
  6. 1.2470
  7. 1.2210
  8. 1.1900
Click on the level to view price action history.