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Weekly forecast British Pound / Swiss Franc technical chart
Symbol GBPCHF

Download MT4 template file

Trade Setup

#GBPCHF
Total Profit: 8136 pip
Closed trade(s): 4460 pip Profit
Open trade(s): 3676 pip Profit

Trade Setup:
We opened 12 SELL trade(s) @ 1.3605 (day close price) based on 'Peak' at 2018.04.27 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/G...

Closed Profit:
TP1 @ 1.3475 touched at 2018.05.16 with 130 pip Profit.
TP2 @ 1.3360 touched at 2018.05.22 with 245 pip Profit.
TP3 @ 1.3190 touched at 2018.05.23 with 415 pip Profit.
TP4 @ 1.3100 touched at 2018.05.29 with 505 pip Profit.
TP5 @ 1.3000 touched at 2018.07.19 with 605 pip Profit.
TP6 @ 1.2865 touched at 2018.08.08 with 740 pip Profit.
TP7 @ 1.2745 touched at 2018.08.09 with 860 pip Profit.
TP8 @ 1.2645 touched at 2018.08.14 with 960 pip Profit.
130 + 245 + 415 + 505 + 605 + 740 + 860 + 960 = 4460 pip

Open Profit:
Profit for one trade is 1.3605(open price) - 1.2686(current price) = 919 pip
4 trade(s) still open, therefore total profit for open trade(s) is 919 x 4 = 3676 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.
  • If the Midterm level 1.29150 is broken, we will close open trades.
  • Price may also reach 1.29150, 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.
DateAugust 19, 2018 - 20:45
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 1.29150 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
  • We will close our open trades, if the Midterm level 1.29150 is broken.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 1.3040 on 08/02/2018, so more losses to support(s) 1.2645, 1.2470, 1.2220 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 30.

Take Profits:

  1. 1.3475
  2. 1.3360
  3. 1.3190
  4. 1.3100
  5. 1.3000
  6. 1.2865
  7. 1.2745
  8. 1.2645
  9. 1.2470
  10. 1.2220
  11. 1.1900
Click on the level to view price action history.
Symbol Released Current Forecast
British Pound / Swiss Franc (GBPCHF) new Sun, 21 Apr 2024
British Pound / Swiss Franc (GBPCHF) new Sun, 21 Apr 2024
British Pound / Swiss Franc (GBPCHF) Sun, 14 Apr 2024
British Pound / Swiss Franc (GBPCHF) Sun, 7 Apr 2024
British Pound / Swiss Franc (GBPCHF) Sat, 30 Mar 2024
History
Daily-Trading-Opportunities on GBPCHF.