ForecastCity

💡Don't miss the great sell opportunity in GBPAUD

Short
FX:GBPAUD   British Pound / Australian Dollar
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.8517).
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 a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 48.

Take Profits:
TP1= @ 1.8404
TP2= @ 1.8327
TP3= @ 1.8235
TP4= @ 1.8167
TP5= @ 1.8103
TP6= @ 1.7945

SL: Break Above R2

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