ForecastCity

💡 Don't miss the great sell opportunity in GBPUSD

Short
FX:GBPUSD   British Pound / U.S. Dollar
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.3405). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. GBPUSD 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= @ 1.3225
TP2= @ 1.3106
TP3= @ 1.2855
TP4= @ 1.2678
TP5= @ 1.2508

SL: Break Above R2

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Comments

Nice mentioning the two scenarios.
+1 Reply
@Kamryn, Thank you for your comment. We appreciate it and wish you the best of luck.
Reply
I really like it.
Thank YOU❤️
+1 Reply
ForecastCity Kristalyn
@Kristalyn, Thanks for your kind comment. 👍
Reply
Good call! tnx for sharing it
+1 Reply
ForecastCity Pro_Trader_007
@Pro_Trader_007, You're welcome!
We wish you the bests.
Reply
The trend lines are excellent. I agree with your technical analysis. 👌
+1 Reply
ForecastCity Josef_anderson
@Josef_anderson, Thanks for sharing your point of view about it.
Reply