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CANADIAN DOLLAR / BRITISH POUND

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CADGBP trade ideas

Don't miss the great sell opportunity in GBPCADTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.7455). 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 above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 31. Take Profits: TP1= @ 1.7260 TP2= @ 1.7130 TP3= @ 1.6958 SL: Break Above R2
Short
by ForecastCity_EU
10
Don't miss the great sell opportunity in GBPCADTrading 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
Short
by ForecastCity_EU
3
Don't miss the great buy opportunity in GBPCADTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.7135). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPCAD is in a uptrend and the continuation of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 66. Take Profits: TP1= @ 1.7322 TP2= @ 1.7515 TP3= @ 1.7750 SL= Break below S2
Long
by ForecastCity_EU