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ForecastCity_EU
Mar 27, 2020 7:01 PM

Don't miss the great sell opportunity in GBPAUD Short

British Pound/Australian DollarFXCM

Description

Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (2.0204). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. GBPAUD 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 51.

Take Profits:
TP1= @ 1.9967
TP2= @ 1.9745
TP3= @ 1.9528

SL: Break Above R2
Comments
Pro_Trader_007
Thank You for sharing!
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