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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: 3115 pip
Closed trade(s): 1171 pip Profit
Open trade(s): 1944 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.
TP4 @ 1.2865 touched at 2019.10.16 with 564 pip Profit.
79 + 174 + 354 + 564 = 1171 pip

Open Profit:
Profit for one trade is 1.2949(current price) - 1.2301(open price) = 648 pip
3 trade(s) still open, therefore total profit for open trade(s) is 648 x 3 = 1944 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 1.2560 is broken, we will close open trades.
  • Price may also reach 1.2560, 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, 10/19/2019 - 19:00
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 1.2560 would begin in Midterm.
  • We will close our open trades, if the Midterm level 1.2560 is broken.

Technical analysis:

  • A trough is formed in daily chart at 1.2200 on 10/08/2019, so more gains to resistance(s) 1.3170, 1.3380, 1.3655 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 75.

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 / US Dollar (GBPUSD) new 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
British Pound / US Dollar (GBPUSD) Sat, 25 Apr 2020