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ForecastCity_ME
Nov 26, 2020 3:54 PM

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

British Pound/U.S. DollarFXCM

Description

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