ForecastCity
Short

Don't miss the great sell opportunity in GBPAUD

FX:GBPAUD   British Pound / Australian Dollar
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (2.0204). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. GBPAUD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.

Take Profits:
TP1= @ 1.9967
TP2= @ 1.9745
TP3= @ 1.9528

SL: Break Above R2
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Comments

Nice and simple
+2 Reply
ForecastCity Pro_Trader_007
@Pro_Trader_007, Thanks
+1 Reply
Is it to late to enter this from your analysis would you say? Thanks Joe
+2 Reply
ForecastCity UnknownUnicorn6229869
@UnknownUnicorn6229869, This forecast will be valid until the end of Monday Joe
+1 Reply
I really like your Trading strategy.
+1 Reply
@fxniki, Thanks. what is your idea about this pair?
Reply
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