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ForecastCity_ME
Dec 7, 2020 5:52 PM

πŸ’‘Don't miss the great sell opportunity in GBPAUD Β Short

British Pound/Australian DollarFXCM

Description

β‹…
Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (1.8012).
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 downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 33.

Take Profits:
TP1= @ 1.7862
TP2= @ 1.7787
TP3= @ 1.7694
TP4= @ 1.7500
TP5= @ 1.7292

SL: Break Above R2

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Comments
Mehmetozdemi
β‹…
Good job! Clean analysis.
ForecastCity_ME
β‹…
@Mehmetozdemi, Thank you for your comment. We appreciate it
Mesutkashmar
β‹…
Nice and clean analysis! πŸ‘
ForecastCity_ME
β‹…
@Mesutkashmar, Thank you for your comment. We appreciate it
Jayesh_thakkar
β‹…
perfect
ForecastCity_ME
β‹…
@Jayesh_thakkar, Thank you
swadeshsingh0123
β‹…
why your expection is greater than target
?
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