ForecastCity_ME

💡 Don't miss the great sell opportunity in GBPUSD

Short
FX:GBPUSD   British Pound / U.S. Dollar
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.3365). 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 35.

Take Profits:
TP1= @ 1.3310
TP2= @ 1.3272
TP3= @ 1.3230
TP4= @ 1.3190
TP5= @ 1.3125

SL: Break Above R2

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Comments

I have the same insight based on my analysis
+1 Reply
@jaganath22, Thank you for sharing your feedback.
Reply
Seems accurate.
+1 Reply
ForecastCity_ME sofi_Morphy
@sofi_Morphy, Thank you for your comment. what's your view?
Reply
Nice setup! Thank you
+1 Reply
ForecastCity_ME DenizKilicDeniz
@DenizKilicDeniz, Our pleasure!Thank you for your comment.
Reply
thanks GOOD JOB
Reply
Its May not reach 1.3353
Reply
Think's for feedback ..
Reply
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