Help Ukraine! Today, Ukraine Is Fighting for Freedom and the Future of Democracy in Europe. Help Ukraine! Donate Verified Charity

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

May 10, 2019 5:57:12 PM by Patrick Yang
Forecast Details
PairGBPJPY
Direction Sell
StatusClosed (141.00)
Start
End
May 10, 2019
May 17, 2019

-230 p
145.30
Stop Loss
143.00
Entry
+200 p
141.00
Target 1
Chart & Analyst Comments
main-sell-market-trend-1
  1. The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
  2. The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
  3. The Ratios indicator shows the change in the ratio of market players towards buyers. Their increase while the downtrend may indicate the activity of averaging traders. This can serve as "fuel" for further downtrend.
  4. In the left orderbook, we see a cluster of stop losses and stop orders right at the level of the previous bottom. This is a good level for placing take profit according to our forecast.
    index: 1x 0.034940004348755s
t_/pages/forecast: 1x 0.031548976898193s
t_/common/header-new: 1x 0.020195960998535s
t_/common/head: 1x 0.016413927078247s
t_/common/footer-new: 1x 0.0027730464935303s
router_page: 1x 0.0018980503082275s
router: 1x 0.00085783004760742s
t_/popups/on-download: 1x 0.00055289268493652s
service-routes: 1x 0.0003669261932373s
router_redirection: 1x 0.00017309188842773s
t_/popups/zoom: 1x 5.793571472168E-5s
----- END OF DUMP (2022-10-05 06:22:10)  -----