GBPUSD - Downward trend will continue, Short trade by market price recommended

October 1, 2019 5:47:35 AM by Alex Zarevich
Forecast Details
Direction Sell
StatusClosed (1.2225)
Oct. 1, 2019

-65 p
Stop Loss
+65 p
Target 1
Chart & Analyst Comments
  1. For a while now, the Current Ratio indicator provides an opportunity for Short trade. We are using this signal as a basis for today’s trading forecast.
  2. The last upward movement was characterized by a “surge” in retail buyers. This is a good reason to start thinking about short positions.
  3. The dynamics of the Ratios indicator signals for Short opportunities. Pay attention to the area marked on the image.
  4. MVP line is above the price and acts as a resistance level.
  5. We are focused on the breakdown of the previous bottom, the target at the level of 1.2225.
    index: 1x 0.033606052398682s
t_/pages/forecast: 1x 0.030673027038574s
t_/common/header-new: 1x 0.019723892211914s
t_/common/head: 1x 0.016284942626953s
t_/common/footer-new: 1x 0.0023558139801025s
router_page: 1x 0.0015060901641846s
router: 1x 0.00075197219848633s
t_/popups/on-download: 1x 0.00051498413085938s
service-routes: 1x 0.00029921531677246s
router_redirection: 1x 0.00013303756713867s
t_/popups/zoom: 1x 1.3828277587891E-5s
----- END OF DUMP (2023-02-05 01:55:02)  -----