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ForecastCity_ME
Feb 2, 2021 6:20 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 suggested resistance line (1.3715).
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 downtrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 43.

Take Profits:
TP1= @ 1.3600
TP2= @ 1.3530
TP3= @ 1.3465
TP4= @ 1.3350
TP5= @ 1.3215
TP6= @ 1.3080

SL: Break Above R2

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Comments
carefulOwl22772
Love your strategy. Thanks for every one of your ideas. ❤️
ForecastCity_ME
@carefulOwl22772, You're very welcome!
ForecastCity_ME
@carefulOwl22772,  We're glad you like it. 😊💚 We hope you make the most out of it.🌹
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