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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

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Trade Setup
Total Profit: 3679 pip
Closed trade(s): 1171 pip Profit
Open trade(s): 2508 pip Profit

Trade Setup:
We opened 7 BUY trade(s) @ 1.2301 based on 'Hammer' at 2019.10.01 signaled by DTO:

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 1.3137(current price) - 1.2301(open price) = 836 pip
3 trade(s) still open, therefore total profit for open trade(s) is 836 x 3 = 2508 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 1.2950 is broken, we will close open trades.
  • Price may also reach 1.2950, 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, 12/07/2019 - 17:47
Forecastcontinuation of uptrend
Last weekBullish

Midterm forecast:

  • 1.2950 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  • We will close our open trades, if the Midterm level 1.2950 is broken.

Technical analysis:

  • The ascending flag taking shape suggests we will soon see another leg higher.
  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 1.2765 on 11/08/2019, 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 71.

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, 18 Jan 2020
British Pound vs. US Dollar (GBPUSD) free Mon, 6 Jan 2020
British Pound vs. US Dollar (GBPUSD) free Sat, 11 Jan 2020
British Pound vs. US Dollar (GBPUSD) Sat, 28 Dec 2019
British Pound vs. US Dollar (GBPUSD) free Sun, 22 Dec 2019