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

April 1, 2020 12:44:43 PM by Alexander Zorevyk
Forecast Details
PairGBPUSD
Direction Buy
StatusClosed (1.235)
12:42
12:42
Apr. 1, 2020

+99 p
1.2550
Target 1
1.2450
Entry
-100 p
1.2350
Stop Loss
Chart & Analyst Comments
The market has stabilized, the first signs of an uptrend appeared
  1. The current market situation looks like the attempt of sellers to average or enter the market at the peak. This is confirmed by the Current Ratio indicator.
  2. The decrease in the buyers volume, together with the increase in the sellers volume, confirms the need to Buy, according to our trading idea.
  3. The Ratios indicator shows the change in the ratio of market players towards sellers. Their increase while the uptrend may indicate the activity of averaging traders. This can serve as "fuel" for further uptrend.
  4. We are focused on the breakdown of the previous peak, the target at the level of 1.255.