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ForecastCity
Dec 7, 2020 5:49 PM

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

FX:GBPAUD240
British Pound/Australian DollarFXCM

Description

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Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (1.8012).
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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 33.

Take Profits:
TP1= @ 1.7862
TP2= @ 1.7787
TP3= @ 1.7694
TP4= @ 1.7500
TP5= @ 1.7292

SL: Break Above R2

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ForecastCity English Support Team ❤️
Trend AnalysisChart PatternsTechnical IndicatorsGBPAUDaudGBP
Comments
Mesutkashmar
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Nice and clean analysis! 👍
ForecastCity
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@Mesutkashmar, Thank you for your support.
Pro_Trader_007
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tq for sharing :)
ForecastCity
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@Pro_Trader_007, You're welcome!
Kamryn
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I agree with your idea.👍
ForecastCity
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@Kamryn, We appreciate your support.
Kristalyn
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I love the idea. As usual great detail and I think i can profit.
ForecastCity
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@Kristalyn, Thanks.
We wish you the best of luck to you in your trades.
Josef_anderson
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Good job my friend.
ForecastCity
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@Josef_anderson, Thanks for your kind comment. 👍
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