ForecastCity

💡Don't miss the great sell opportunity in GBPSGD

Short
OANDA:GBPSGD   GBP/SGD
Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (1.82290).
if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. GBPSGD 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 61.

Take Profits:
TP1= @ 1.80800
TP2= @ 1.79550
TP3= @ 1.77320
TP4= @ 1.75630
TP5= @ 1.73310
TP6= @ 1.70910

SL: Break Above R2

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Comments

nice setup. thanks!
+1 Reply
ForecastCity Josef_anderson
@Josef_anderson, You're welcome 🌹
Reply
Top stuff as always!
+1 Reply
ForecastCity Geordiefx
@Geordiefx, Thank you for your comment. We appreciate it 🌹
Reply
ForecastCity Geordiefx
@Geordiefx, We hope you make the most out of it.🌹
Reply
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