ForecastCity

Long-term Sell opportunity for GBPAUD, let's hunt it together

Kort
OANDA:GBPAUD   Brittiska pund/Australiensiska dollar
Trading suggestion:
There is possibility of temporary retracement to suggested Sell Zone (1.7860 to 1.7995), if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

.Beginning of entry zone (1.7860)
.Ending of entry zone (1.7995)

Technical analysis:
.A trough is formed in daily chart at 1.7350 on Mon, 01/29/2018, so more gains to more heights is expected.
.Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
.Relative strength index (RSI) is 58.

Take Profits:
TP1= @ 1.7650
TP2= @ 1.7565
TP3= @ 1.7365
TP4= @ 1.7205
TP5= @ 1.6860
TP6= @ 1.6550
TP7= @ 1.6160
TP8= @ 1.5790
TP9= @ 1.4375
TP10= @ Free

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