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ForecastCity
Sep 13, 2019 10:49 AM

Don't miss the great buy opportunity in GBPCAD Long

British Pound/Canadian DollarFXCM

Description

Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.63415). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 76.

Take Profits:
TP1= @ 1.66000
TP2= @ 1.67700
TP3= @ 1.69700

SL= Break below S2
Comments
fxniki
It's a great buy opportunity in GBPCAD. Thanks for sharing another road map.
ForecastCity
@fxniki, indeed. that's our pleasure.
iGenius
Today could be the day for TP2 @ 167.70
ForecastCity
@iGenius, Thanks for following this idea and your comment.
UnknownUnicorn4127634
Will it retrace back to 1.6341 so we can long or its missed?
Oracio24
Hope it does
ForecastCity
@fahim.vachaka, There is another chance for entrance when the price comes near to S1, until S2 is not broken.
RetraceFX
just entered this trade thank you
ForecastCity
@RetraceFX, You're welcome.
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