ForecastCity

💡 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 (1.738). 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 above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 34.

Take Profits:
TP1= @ 1.7290
TP2= @ 1.7235
TP3= @ 1.7185
TP4= @ 1.7120
TP5= @ 1.7048

SL: Break Above R2

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Comments

A great idea with useful description.
+3 Reply
ForecastCity carefulOwl22772
@carefulOwl22772, Thank you for your comment. We appreciate it 🌹
Reply
Clean & clear.👍
+2 Reply
ForecastCity davidgolandak
@davidgolandak, Thank you for your comment. We appreciate it 🌹
Reply
I love the idea, as usual great detailed
+1 Reply
ForecastCity Kristalyn
@Kristalyn, Thanks for your comment.
Reply
Good call! tnx for sharing it
+1 Reply
ForecastCity Pro_Trader_007
@Pro_Trader_007, You're welcome.
Reply
It didn't go to the sell zone. Thanks anyway.
+1 Reply
ForecastCity Josef_anderson
@Josef_anderson, You're welcome.
Reply
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