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)
-70 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: 3
Buy or Sell
Chart & Analyst Comments
- The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell 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 should be taken out of the buyers cluster. If the price passes it, it will likely go on.
