ForecastCity
Long

Don't miss the great buy opportunity in GBPCAD

FX:GBPCAD   British Pound / Canadian Dollar
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.6591). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 78.

Take Profits:
TP1= @ 1.6817
TP2= @ 1.6970
TP3= @ 1.7312

SL= Break below S2
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Looks good bud! Helps to understand where the market is going!
+1 Reply
@Fxyasin, Thanks for your comment.
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Nice analysis!
Just a quick glimpse at the chart will tell that it is what we should expect of a good TA.
+1 Reply
@fxniki, We appreciate your kind words and support.
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Fxyasin ForecastCity
@ForecastCity, what if brexit goes forward wont the GBP drop?
Reply
@Fxyasin, Sorry, We do not provide a private consultant, please use the published ideas to know more about our technical analysis, forecasts or trading opportunities.
You can search what you're looking for in our published ideas.
To get notification about newly published ideas, please don't forget to follow us here.
Thanks
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Fxyasin fxniki
@fxniki, do you follow gold bud?
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Great analysis man, that's exactly what I'm anticipating
+2 Reply
ForecastCity Forecast_Crypto
@Forecast_Crypto, You're welcome!
Thanks for sharing your point of view with us.
wish you bests
+1 Reply
Very thoughtful,
This is such a complete analysis, I truly feel like I am learning quite a lot from you! Thanks!
+4 Reply
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