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EURGBP - Upward trend will continue, Long trade by market price recommended

Alex Zarevich on FXSSI Alex Zarevich Expert
main-buy-market-trend-1
Forecast Details
PairEURGBP
Publication Time1/16/25 7:55 AM
Direction Buy
Status Closed (0.8450)
7:55
7:55
Jan. 16, 2025
Forecast
+35 p
0.8460
Target 1
0.8425
Entry
-40 p
0.8385
Stop Loss
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Chart & Analyst Comments

main-buy-market-trend-1
  1. Since the CurrentRatio sentiment indicator informs us that the market crowd is selling, we should consider sticking to Buy Orders.
  2. The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
  3. Set Take Profit at the local high, beyond which there is a cluster of orders.
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