ForecastCity
Short

GBPUSD Intraday Forecast

FX:GBPUSD   British Pound / U.S. Dollar
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.294.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.29.
TP4: S2=1.2865.
Set the stoploss of these orders at breakout of R2=1.296.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.296.
In this situation, there is an expectation to reach the target R3=1.305.
Set the stoploss of reverse orders at breakout of R1=1.294.

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It's a good TA. Thanks .
+1 Reply
@fxniki, You're welcome!
+1 Reply
thanks for your ideas
+2 Reply
ForecastCity Forecast_Crypto
@Forecast_Crypto, You're welcome.
Thanks for your comment.
+1 Reply
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