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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: 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 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
British Pound vs. US Dollar (GBPUSD) free Sat, 12 Oct 2019