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 (1.239). 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 40 .

Take Profits:
TP1= @ 1.2285
TP2= @ 1.2245
TP3= @ 1.2165

SL: Break Above R2
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Comments

just missed the entry, managed to get in on this though!
+5 Reply
@elh0, Thanks for your comment.
+4 Reply
This is not yet happening right? If anyone can anwer me pls.. Beginner here
+5 Reply
Samuel2021 aaronalbertm
@aaronalbertm, Yeah, it's a prediction for the future of this pair
+4 Reply
ForecastCity Samuel2021
@Samuel2021, we hope you enjoy it.
+2 Reply
ForecastCity aaronalbertm
@aaronalbertm, yes, it was. Thanks for your comment.
+2 Reply
Thank you!
+4 Reply
ForecastCity Kristalyn
@Kristalyn, You're welcome.
+3 Reply
+1 Reply
What time frame is this
+3 Reply
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