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ForecastCity
Oct 12, 2019 4:45 PM

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 (1.6591). 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 78.

Take Profits:
TP1= @ 1.6817
TP2= @ 1.6970
TP3= @ 1.7312

SL= Break below S2
Comments
Best_Forecast
Very thoughtful,
I like your detailed analysis, very much.

Thank you for this and your time, offering us all this.
ForecastCity
@Alexander_007, You're welcome!
Thank you for following us and your support and nice comments.
Forecast_Crypto
Awesome setup man, lets see how the chart works for you!
ForecastCity
@Forecast_Crypto, Thank you for your kind words and good luck!
fxniki
Many many thanks for the good forecasts you published here. I always follow your new ideas. and it's really a great buy opportunity in GBPCAD.
ForecastCity
@fxniki, You're welcome.
we are so happy to have such a supportive followers. thanks for your kind words.
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