ForecastCity

💡Don't miss the great buy opportunity in GBPCAD

Long
FX:GBPCAD   British Pound / Canadian Dollar

Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.6950).
. 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 an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 59.

Take Profits:
TP1= @ 1.7122
TP2= @ 1.7197
TP3= @ 1.7269
TP4= @ 1.7355
TP5= @ 1.7442

SL= Break below S2

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ForecastCity English Support Team ❤️
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Comments

Very helpful. Thanks.
+1 Reply
ForecastCity Megan_forex
@Megan_forex, You're very welcome!
Reply
I'm so grateful for the ideas you share.
+1 Reply
ForecastCity DenizKilicDeniz
@DenizKilicDeniz, Thanks for your comment.
Reply
This is great.
+1 Reply
ForecastCity AR_kooshani
@AR_kooshani, Thanks for your comment.
Reply
I appreciate your analysis.
+1 Reply
ForecastCity Mehmetozdemi
@Mehmetozdemi, Thanks for your comment.
Reply