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Trend Hunter performance since 2015 for this symbol

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Weekly forecast British Pound vs. US Dollar technical chart
Symbol GBPUSD

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Trade Setup
#GBPUSD
Total Profit: 1987 pip
Closed trade(s): 607 pip Profit
Open trade(s): 1380 pip Profit

Trade Setup:
We opened 7 BUY trade(s) @ 1.2301 (day close price) based on 'Hammer' at 2019.10.01 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/G...

Closed Profit:
TP1 @ 1.2380 touched at 2019.10.03 with 79 pip Profit.
TP2 @ 1.2475 touched at 2019.10.11 with 174 pip Profit.
TP3 @ 1.2655 touched at 2019.10.11 with 354 pip Profit.
79 + 174 + 354 = 607 pip

Open Profit:
Profit for one trade is 1.2646(current price) - 1.2301(open price) = 345 pip
4 trade(s) still open, therefore total profit for open trade(s) is 345 x 4 = 1380 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 1.2380 is broken, we will close open trades.

DateSat, 10/12/2019 - 19:39
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 1.2380 would begin in Midterm.
  • We will close our open trades, if the Midterm level 1.2380 is broken.

Technical analysis:

  • A trough is formed in daily chart at 1.2200 on 10/08/2019, so more gains to resistance(s) 1.2655, 1.2865, 1.3170 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 67.

Take Profits:

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

Symbol Released Current Forecast
British Pound vs. US Dollar (GBPUSD) new Sat, 16 Nov 2019
British Pound vs. US Dollar (GBPUSD) Sat, 9 Nov 2019
British Pound vs. US Dollar (GBPUSD) Sat, 2 Nov 2019
British Pound vs. US Dollar (GBPUSD) Sat, 26 Oct 2019
British Pound vs. US Dollar (GBPUSD) free Sat, 19 Oct 2019