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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: 1020 pip
Closed trade(s): 57 pip Profit
Open trade(s): 963 pip Profit

Trade Setup:
We opened 10 BUY trade(s) @ 1.2638 based on 'Valley' at 2019.06.19 signaled by DTO:

Closed Profit:
TP1 @ 1.2695 touched at 2019.06.20 with 57 pip Profit.

Open Profit:
Profit for one trade is 1.2745(current price) - 1.2638(open price) = 107 pip
9 trade(s) still open, therefore total profit for open trade(s) is 107 x 9 = 963 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.

DateSat, 06/22/2019 - 21:28
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 1.2475, beginning of uptrend is expected.
  • We make sure when the resistance at 1.2965 breaks.
  • If the support at 1.2475 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 1.26045 on 2019-05-23 and the trough at 1.25055 on 2019-06-18, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 1.2505 on 06/18/2019, so more gains to resistance(s) 1.2775, 1.2865 and maximum to Major Resistance (1.2965) 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 53.

Take Profits:

  1. 1.2695
  2. 1.2775
  3. 1.2865
  4. 1.2965
  5. 1.3170
  6. 1.3380
  7. 1.3655
  8. 1.3970
  9. 1.4345
Click on the level to view price action history.