ForecastCity_EU

Don't miss the great sell opportunity in GBPCAD

Short
FX:GBPCAD   British Pound / Canadian Dollar
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.7125). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. GBPCAD 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 42.

Take Profits:
TP1= @ 1.6958
TP2= @ 1.6635
TP3= @ 1.5874

SL: Break Above R2
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Comments

I'm in this one too. :)
+1 Reply
thanks for your ideas
Reply
I will focus on this one too.
Reply
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