ForecastCity

Don't miss the great buy opportunity in GBPCAD

Long
FX:GBPCAD   British Pound / Canadian Dollar
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.7135). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. GBPCAD is in a uptrend and the continuation of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 66.

Take Profits:
TP1= @ 1.7322
TP2= @ 1.7515
TP3= @ 1.7750

SL= Break below S2
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Comments

It's such a great buy opportunity in GBPCAD, The price couldn't break out the S2 so I think that it's still valid. I love your strategy and thank you so much for teaching us so much about the market.
+1 Reply
@fxniki, You're welcome. It's our pleasure.
Reply
great analysis man, that's exactly what I'm anticipating
+1 Reply
ForecastCity Forecast_Crypto
@Forecast_Crypto, Thanks for sharing your point of view about this post.
Reply