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ForecastCity_ME
Oct 13, 2020 7:51 PM

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

FX:GBPUSD240
British Pound/U.S. DollarFXCM

Description

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Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (1.3003).
if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. GBPUSD is in a range bound and the beginning of downtrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 41.

Take Profits:
TP1= @ 1.2911
TP2= @ 1.2800
TP3= @ 1.2680
TP4= @ 1.2595
TP5= @ 1.2481

SL: Break Above R2

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Trade well, ❤️
ForecastCity English Support Team ❤️
Trend AnalysisChart PatternsTechnical IndicatorsGBPUSDdollarGBPUSD
Comments
Sir_Ray
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Many thanks for sharing this chart.
ForecastCity_ME
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@Sir_Ray, We hope you enjoy it.
Kamryn
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Thank you so much.
ForecastCity_ME
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@Kamryn, you're very welcome
yusufipek1989
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Nice chart
ForecastCity_ME
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@yusufipek1989, Thank you for sharing your feedback.
Mesutkashmar
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I'm considering this chart for trading.
ForecastCity_ME
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@Mesutkashmar,  Thanks for your comment. We wish you good luck with your trades.
Krishyraj
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This is what I expect too. Did not expect GBP USD to touch 3176 again though... May be US elections was some unusual driver
Lizabet
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Very useful
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