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Weekly forecast Eidoo technical chart
Symbol EDOUSD

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Trade Setup
#EDOUSD
Total Profit: 63454 pip
Closed trade(s): 26450 pip Profit
Open trade(s): 37004 pip Profit

Trade Setup:
We opened 10 BUY trade(s) @ 0.3945 based on 'Valley' entry method at 2021.01.16.

Closed Profit:
TP1 @ 0.4775 touched at 2021.01.25 with 830 pip Profit.
TP2 @ 0.5785 touched at 2021.01.30 with 1840 pip Profit.
TP3 @ 0.7255 touched at 2021.01.31 with 3310 pip Profit.
TP4 @ 0.8230 touched at 2021.01.31 with 4285 pip Profit.
TP5 @ 1.0395 touched at 2021.01.31 with 6450 pip Profit.
TP6 @ 1.3680 touched at 2021.02.10 with 9735 pip Profit.
830 + 1840 + 3310 + 4285 + 6450 + 9735 = 26450 pip

Open Profit:
Profit for one trade is 1.3196(current price) - 0.3945(open price) = 9251 pip
4 trade(s) still open, therefore total profit for open trade(s) is 9251 x 4 = 37004 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 1.0395 is broken, we will close open trades.

DateMarch 4, 2021 - 19:13
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 1.0395 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 1.0395 is broken.

Technical analysis:

  • While the RSI support #1 at 40 is not broken, the probability of price decrease would be too low.
  • A trough is formed in daily chart at 1.0600 on 03/01/2021, so more gains to resistance(s) 1.3680, 1.4515, 2.2060 and more heights is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 50.

Take Profits:

  1. 0.4775
  2. 0.5785
  3. 0.7255
  4. 0.8230
  5. 1.0395
  6. 1.3680
  7. 2.7205
  8. 3.5300
  9. 6.8690
Click on the level to view price action history.

Symbol Released Current Forecast
Eidoo (EDOUSD) Sun, 19 Sep 2021
Eidoo (EDOUSD) Sun, 12 Sep 2021
Eidoo (EDOUSD) Sun, 5 Sep 2021
Eidoo (EDOUSD) Sat, 28 Aug 2021
Eidoo (EDOUSD) Sat, 21 Aug 2021