GBPUSD - the pair is about to leave the range of flat

March 1, 2019 7:24:32 AM by Alexander Zorevyk
Forecast Details
PairGBPUSD
Direction Sell
StatusClosed (1.321)
6:21
6:00
Mar. 1, 2019

-40 p
1.3285
Stop Loss
1.3245
Entry
+35 p
1.3210
Target 1
Chart & Analyst Comments
GBPUSD - the pair is about to leave the range of flat
  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. Analyzing the positions ratio, we see that most traders are currently in Longs, which also combined with the original idea.
  3. The price moved higher into the accumulation of buyers and formed an descending trampoline. The target of the trade is set at 1.321, which corresponds to the low point of the buyers' accumulation.