The market has stabilized, the first signs of an uptrend appeared
December 15, 2020 7:14:39 PM
Forecast Details
PairGBPJPY
Direction
Buy
StatusClosed (140)
+95 p
140.00
Target 2
+70 p
139.75
Target 1
139.05
Entry
-70 p
138.35
Stop Loss
About Author
Alexander Zorevyk
Expert
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Chart & Analyst Comments
- The ratio of buyers and sellers is close to parity, it's time to think about price turning up.
- The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
- When the price decreases, a signal is formed (orange labels), which implies an upward movement.
- Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
- 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
