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ForecastCity_ME
Aug 25, 2021 5:47 AM

💡Don't miss the great sell opportunity in GBPAUD Short

British Pound/Australian DollarFXCM

Description

Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.9045).
if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. GBPAUD is in a range bound, and the beginning of a downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 42.

Take Profits:
TP1= @ 1.8875
TP2= @ 1.8735
TP3= @ 1.8570
TP4= @ 1.8512
TP5= @ 1.8427

SL: Break Above R2

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Comments
CaliforniaTS
baa
TopTradingSignals
Agree but timing is key!
yusufipek1989
We have a similar vision here! Upvoted!
ForecastCity_ME
@yusufipek1989, Thank you for your comment. We appreciate it.
Megan_forex
Nicely done. Keep it up!
ForecastCity_ME
@Megan_forex, It's our pleasure! Thank you for your comment.
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