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ForecastCity_World
Jan 27, 2022 12:43 PM

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

British Pound / Singapore DollarFOREX.com

Description

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
davidgolandak
You're the best. Thanks for sharing  .
ForecastCity_World
@davidgolandak, you're welcome! Thanks for your comment
DenizKilicDeniz
Very cool view, thanks for sharing.
ForecastCity_World
@DenizKilicDeniz, you're welcome!
Lizabet
Great TA. Thanks
ForecastCity_World
@Lizabet, You're welcome! Thanks for your comment
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