ForecastCity

Catch this long-term Sell opportunity of GBPAUD!!

Short
OANDA:GBPAUD   British Pound / Australian Dollar
Trading suggestion:
There is possibility of temporary retracement to suggested Sell Zone (1.7860 to 1.7995), traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (1.7860)
  • Ending of entry zone (1.7995)

Technical analysis:
  • A trough is formed in daily chart at 1.7575 on 02/13/2018, so more gains maximum to Sell Zone ( to ) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 56.

Take Profits:
TP1= @ 1.7650
TP2= @ 1.7565
TP3= @ 1.7365
TP4= @ 1.7205
TP5= @ 1.6860
TP6= @ 1.6550
TP7= @ 1.6160
TP8= @ 1.5790
TP9= @ 1.4375
TP10= @ Free

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