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Trend Hunter performance since 2015 for this symbol

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Weekly forecast British Pound / US Dollar technical chart
Symbol GBPUSD

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Trade Setup
#GBPUSD
Total Profit: 1379 pip
Closed trade(s): 294 pip Profit
Open trade(s): 1085 pip Profit

Trade Setup:
We opened 8 BUY trade(s) @ 1.2287 (day close price) based on 'Two-day reversal candle(Hammer)' at 2019.08.27 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/G...

Closed Profit:
TP1 @ 1.2300 touched at 2019.09.05 with 13 pip Profit.
TP2 @ 1.2380 touched at 2019.09.09 with 93 pip Profit.
TP3 @ 1.2475 touched at 2019.09.13 with 188 pip Profit.
13 + 93 + 188 = 294 pip

Open Profit:
Profit for one trade is 1.2504(current price) - 1.2287(open price) = 217 pip
5 trade(s) still open, therefore total profit for open trade(s) is 217 x 5 = 1085 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 1.2300 is broken, we will close open trades.
  • Price may also reach 1.2300, 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, 09/14/2019 - 20:18
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 1.2300, beginning of uptrend is expected.
  • We make sure when the resistance at 1.2655 breaks.
  • If the support at 1.2300 is broken, the short-term forecast -beginning of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 1.2300 is broken.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 1.20145 on 2019-08-12 and the trough at 1.19575 on 2019-09-03, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 1.1960 on 09/03/2019, so more gains maximum to Major Resistance (1.2655) 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 66.

Take Profits:

  1. 1.2300
  2. 1.2380
  3. 1.2475
  4. 1.2655
  5. 1.2865
  6. 1.3170
  7. 1.3380
Click on the level to view price action history.

Symbol Released Current Forecast
British Pound / US Dollar (GBPUSD) new Sat, 30 May 2020
British Pound / US Dollar (GBPUSD) Sat, 23 May 2020
British Pound / US Dollar (GBPUSD) Sat, 16 May 2020
British Pound / US Dollar (GBPUSD) Sat, 9 May 2020
British Pound / US Dollar (GBPUSD) Sat, 2 May 2020