The market has stabilized, the first signs of a downtrend appeared
August 1, 2019 4:14:43 PM
Forecast Details
PairGBPJPY
Direction
Sell
StatusClosed (131.9)
-69 p
132.60
Stop Loss
131.90
Entry
+75 p
131.15
Target 1
About Author
Alexander Zorevyk
Expert
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Total votes: 6
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Chart & Analyst Comments
- The Current Ratios indicator have reached critical value, too many traders expect an upward movement. In this case, we recommend selling only.
- We are seeing an increase in buy positions by market crowd, who are replenishing an already large number of "locked up" losing buy positions.
- Stop loss is properly taken out of the buyers cluster. If the price passes it, it is very likely to go on.