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EURGBP - Downward trend will continue, Short trade by market price recommended

Alex Zarevich on FXSSI Alex Zarevich Expert
main-sell-market-trend-1
Forecast Details
PairEURGBP
Publication Time12/19/24 10:09 AM
Direction Sell
Status Closed (0.8255)
10:09
10:09
Dec. 19, 2024
Forecast
-30 p
0.8255
Stop Loss
0.8225
Entry
+30 p
0.8195
Target 1
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Chart & Analyst Comments

main-sell-market-trend-1
  1. The Current Ratio indicator, which is used for quick market sentiment analysis, provides Sell signal at the moment.
  2. The increase in buyers is observed both in the downward movement and in the retracement movements. Retail traders still believe in the possibility of price increase.
  3. The MVP indicator shows the downtrend. We take this into account as one of the important factors in today's forecast.
  4. The risk/reward ratio allows you to set Take Profit at the same level where the SLC indicator signals that there are Stop orders - 0.8195
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