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Weekly forecast British Pound / US Dollar technical chart
Symbol GBPUSD
Trade Setup

#GBPUSD
Total Profit: 15646 pip
Closed trade(s): 4382 pip Profit
Open trade(s): 11264 pip Profit

Trade Setup:
We opened 14 BUY trades @ 1.08845 based on 'Valley' entry method at 2022-09-28.

Closed Profit:
TP1 @ 1.10821 touched at 2022-09-29 with 197 pip Profit.
TP2 @ 1.12588 touched at 2022-10-03 with 374 pip Profit.
TP3 @ 1.14000 touched at 2022-10-04 with 515 pip Profit.
TP4 @ 1.17350 touched at 2022-11-11 with 850 pip Profit.
TP5 @ 1.19355 touched at 2022-11-15 with 1051 pip Profit.
TP6 @ 1.22795 touched at 2022-12-01 with 1395 pip Profit.
197 + 374 + 515 + 850 + 1051 + 1395 = 4382 pip

Open Profit:
Profit for one BUY trade is 1.22932(current price) - 1.08845(open price) = 1408 pip
8 trade(s) still open, therefore total profit for open trade(s) is 1408 x 8 = 11264 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 1.19355 is broken, we will close open trades.
DateDecember 5, 2022 - 21:09
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • While the price is above the support 1.19355, continuation of uptrend is expected.
  • We make sure when the resistance at 1.26521 breaks.
  • If the support at 1.19355 is broken, the short-term forecast -continuation of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 1.19355 is broken.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 1.18995 on 11/30/2022, so more gains to resistance(s) 1.24561 and maximum to Major Resistance (1.26521) 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 68.

Take Profits:

  1. 1.10821
  2. 1.12588
  3. 1.14000
  4. 1.17350
  5. 1.19355
  6. 1.22795
  7. 1.26521
  8. 1.29757
  9. 1.31600
  10. 1.36420
  11. 1.42460
  12. 1.45650
  13. 1.48250
Click on the level to view price action history.
Symbol Released Current Forecast
British Pound / US Dollar (GBPUSD) Sun, 14 Apr 2024
British Pound / US Dollar (GBPUSD) Sat, 6 Apr 2024
British Pound / US Dollar (GBPUSD) Sat, 30 Mar 2024
British Pound / US Dollar (GBPUSD) Sat, 23 Mar 2024
British Pound / US Dollar (GBPUSD) free Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on GBPUSD.