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

August 6, 2019 6:28:49 PM by Alexander Zorevyk
Forecast Details
PairGBPJPY
Direction Sell
StatusClosed (128.70)
18:23
18:23
Aug. 6, 2019

-55 p
129.90
Stop Loss
129.35
Entry
+65 p
128.70
Target 1
Chart & Analyst Comments
main-sell-market-trend-1
  1. According to the Current Ratio indicator, the market crowd inclined to believe in an upward movement. We recommend Short trade for today.
  2. The last upward movement was characterized by a “surge” in retail buyers. This is a good reason to start thinking about short positions.
  3. Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
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