GBPUSD - Downward trend will continue, Short trade using pending order recommended

April 1, 2019 8:20:00 AM by Alexander Zorevyk
Forecast Details
PairGBPUSD
Direction Sell
StatusClosed (1.297)
6:02
6:00
Apr. 1, 2019

-45 p
1.3015
Stop Loss
1.2970
Entry
+40 p
1.2930
Target 1
Chart & Analyst Comments
GBPUSD - Downward trend will continue, Short trade using pending order recommended
  1. According to the most brokers’ data, more than half of the traders are currently in long positions on GBPUSD. As a result, we recommend considering only Short trades at this time.
  2. The dynamics of the Ratios indicator signals for Short opportunities. Pay attention to the area marked on the image.
  3. The increase in buyers is observed both in the downward movement and in the retracement movements. Retail traders still believe in the possibility of price increase.
  4. MVP line is above the price and acts as a resistance level.
  5. This zone is of an interest of a big player. We are expecting the price decrease of GBPUSD and the achievement of this goal within the current day.