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ForecastCity
Jun 1, 2021 10:47 PM

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

British Pound/U.S. DollarFXCM

Description


Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.4205).
if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. GBPUSD is in a range bound, and the beginning of a downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 34

Take Profits:
Tp1= @1.41350
TP2= @1.40950
TP3= @1.40050

SL: Break Above R2

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Comments
Lizabet
Good job! Liked 👍👍
ForecastCity
@Lizabet, Happy to help!
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