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ForecastCity
Jan 27, 2022 12:37 PM

πŸ’‘Don't miss the great sell opportunity in GBPSGDΒ Short

British Pound / Singapore DollarFOREX.com

Description

β‹…
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.82170).
if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. GBPSGD is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 35.

Take Profits:
TP1= @ 1.80773
TP2= @ 1.80184
TP3= @ 1.79490
TP4= @ 1.78665
TP5= @ 1.77790

SL: Break Above R2

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Comments
DenizKilicDeniz
β‹…
Great & clear analysis.
ForecastCity
β‹…
@DenizKilicDeniz, Thank you for your comment. We appreciate it. 🌹
Lizabet
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Good job! πŸ‘ πŸ‘
ForecastCity
β‹…
@Lizabet, Thank you
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