Downward trend will continue, Short trade with 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
Downward trend will continue, Short trade with 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 going only short at this time.
  2. The dynamics of the Ratios indicator signals possible sells. Pay attention to the area marked on the image.
  3. The increase in buyers is observed both in the downward movement and in the corrective movements. Retail traders still believe in the possibility of rising prices.
  4. MVP line is above the price and acts as a resistance level.
  5. This zone is of an interest to a big player. We look forward to reaching this zone today.