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ForecastCity_ME
Apr 13, 2021 8:51 PM

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

FX:GBPAUD240
British Pound/Australian DollarFXCM

Description

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Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (0.9672).
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 41.

Take Profits:
TP1= @ 1.7924
TP2= @ 0.9525
TP3= @ 1.7684
TP4= @ 1.7587
TP5= @ 1.7408

SL: Break Above R2

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ForecastCity English Support Team ❤️
Trend AnalysisChart PatternsTechnical IndicatorsGBPAUDbritishpoundaudaustraliandollarGBP
Comments
rohitshahzadpur4
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Great Explanation with simple analysis
ForecastCity_ME
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@rohitshahzadpur4, Thank you . We hope you enjoy it.
Sophi2018
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Brilliant explanation. Thank you
ForecastCity_ME
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@Sophi2018, You're very welcome! We hope you enjoy it.
DenizKilicDeniz
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Nice view, I love it. keep it up
ForecastCity_ME
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@DenizKilicDeniz, Thank you for your comment.
Mehmetozdemi
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Clear, and detailed analysis. 👍 Thanks!
ForecastCity_ME
⋅
@Mehmetozdemi, You're very welcome! We hope you enjoy it.
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