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Weekly forecast Euro / British Pound technical chart
Symbol EURGBP

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Trade Setup

#EURGBP
Total Profit: 9384 pip
Closed trade(s): 3453 pip Profit
Open trade(s): 5931 pip Profit
_______________________________________________
Trade Setup:
We opened 17 BUY trade(s) @ 0.7099 based on 'Valley' entry method at 2015.12.02.

Closed Profit:
TP1 @ 0.7195 touched at 2015.12.03 with 96 pip Profit.
TP2 @ 0.7250 touched at 2015.12.03 with 151 pip Profit.
TP3 @ 0.7330 touched at 2015.12.21 with 231 pip Profit.
TP4 @ 0.7485 touched at 2016.01.08 with 386 pip Profit.
TP5 @ 0.7590 touched at 2016.01.14 with 491 pip Profit.
TP6 @ 0.7715 touched at 2016.01.20 with 616 pip Profit.
TP7 @ 0.7800 touched at 2016.02.09 with 701 pip Profit.
TP8 @ 0.7880 touched at 2016.02.11 with 781 pip Profit.
96 + 151 + 231 + 386 + 491 + 616 + 701 + 781 = 3453 pip

Open Profit:
Profit for one trade is 0.7758(current price) - 0.7099(open price) = 659 pip
9 trade(s) still open, therefore total profit for open trade(s) is 659 x 9 = 5931 pip
_______________________________________________

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.7000 to 0.6935). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (0.7000)
    • Support on 12/01/2015
    • Support on 11/25/2015
    • Support on 11/23/2015
    • Support on 11/20/2015
    • Support on 07/31/2015
    • Support on 07/30/2015
    • Resistance on 07/16/2015
    • Support on 06/29/2015
    • Resistance on 11/07/2007
    • Resistance on 10/19/2007
    • Resistance on 10/12/2007
    • Resistance on 09/28/2007
    • Resistance on 09/19/2007
    • Resistance on 03/14/2005
    • Resistance on 03/11/2005
  • Ending of entry zone (0.6935)
    • Support on 09/25/2015
    • Support on 09/24/2015
    • Trough on 07/21/2015
    • Trough on 07/20/2015
    • Support on 07/20/2015
    • Trough on 07/17/2015
    • Support on 07/17/2015
    • Support on 11/05/2007
    • Support on 11/02/2007
    • Support on 11/01/2007
    • Support on 10/24/2007
DateFebruary 13, 2016 - 16:46
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • The current trend is uptrend and the forecast is continuation of uptrend.

Technical analysis:

  • A trough is formed in daily chart at 0.7525 on 01/26/2016, so more gains to resistance(s) 0.7800, 0.7880, 0.8035 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 62.

Take Profits:

  1. 0.7195
  2. 0.7250
  3. 0.7330
  4. 0.7485
  5. 0.7590
  6. 0.7715
  7. 0.7800
  8. 0.7880
  9. 0.8035
  10. 0.8155
  11. 0.8575
  12. 0.8815
  13. 0.9045
  14. 0.9240
  15. 0.9520
  16. 0.9800
Click on the level to view price action history.
Symbol Released Current Forecast
Euro / British Pound (EURGBP) new Sun, 14 Apr 2024
Euro / British Pound (EURGBP) Sat, 6 Apr 2024
Euro / British Pound (EURGBP) Sat, 30 Mar 2024
Euro / British Pound (EURGBP) Sat, 23 Mar 2024
Euro / British Pound (EURGBP) Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on EURGBP.