The market has stabilized, the first signs of an uptrend appeared

December 15, 2020 7:14:39 PM by Alexander Zorevyk
Forecast Details
PairGBPJPY
Direction Buy
StatusClosed (140)
19:12
19:12
Dec. 15, 2020

+95 p
140.00
Target 2
+70 p
139.75
Target 1
139.05
Entry
-70 p
138.35
Stop Loss
Chart & Analyst Comments
The market has stabilized, the first signs of an uptrend appeared
  1. The ratio of buyers and sellers is close to parity, it's time to think about price turning up.
  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. When the price decreases, a signal is formed (orange labels), which implies an upward movement.
  4. Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
  5. The risk/reward ratio allows you to set Take Profit at the same level where the SLC indicator signals that there are Stop orders - 139.75