ForecastCity

πŸ’‘ Don't miss the great sell opportunity in GBPCAD

Short
FX:GBPCAD   British Pound / Canadian Dollar
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.7307). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. GBPCAD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 36.

Take Profits:
TP1= @ 1.7197
TP2= @ 1.7132
TP3= @ 1.7050
TP4= @ 1.6952
TP5= @ 1.6806

SL: Break Above R2

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ForecastCity English Support Team ❀️
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Comments

I'm in. Thank you so much πŸ’
+2 Reply
ForecastCity Kristalyn
@Kristalyn, Thanks for your comment. 🌹 we hope you enjoy it.
Reply
Nice work man
+1 Reply
ForecastCity noolspahiu
@noolspahiu, Thank you for your comment.
Reply
simple & clear.πŸ‘ Very nice chart.
+1 Reply
ForecastCity Megan_forex
@Megan_forex, Thank you for your comment.
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πŸ‘
+1 Reply
ForecastCity Chibuike_Odoh
@Chibuike_Odoh, 🌹
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