GBPUSD - Upward trend will continue, Long trade by market price recommended

December 1, 2022 7:06:11 AM by Alex Zarevich
Forecast Details
Direction Buy
StatusClosed (1.2180)
Dec. 1, 2022

+75 p
Target 1
-70 p
Stop Loss
Chart & Analyst Comments
  1. According to the most brokers’ data, more than half of the traders are currently in short positions on GBPUSD. As a result, we recommend considering only Long trades at this time.
  2. 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.
  3. The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
  4. Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
  5. The given Stop Losses of market participants are on the same level as the previous high, which will serve as the target for our trade.
    index: 1x 0.034250020980835s
t_/pages/forecast: 1x 0.031493902206421s
t_/common/header-new: 1x 0.020232915878296s
t_/common/head: 1x 0.017119169235229s
t_/common/footer-new: 1x 0.0024430751800537s
router_page: 1x 0.0014359951019287s
router: 1x 0.00071501731872559s
t_/popups/on-download: 1x 0.00048995018005371s
service-routes: 1x 0.00027990341186523s
router_redirection: 1x 0.00013399124145508s
t_/popups/zoom: 1x 1.2874603271484E-5s
----- END OF DUMP (2023-01-31 09:52:01)  -----