The market has stabilized, the first signs of a downtrend appeared

September 4, 2019 7:22:37 AM by Alexander Zorevyk
Forecast Details
PairGBPUSD
Direction Sell
StatusClosed (1.209)
7:21
7:21
Sep. 4, 2019

-64 p
1.2155
Stop Loss
1.2090
Entry
+60 p
1.2030
Target 1
Chart & Analyst Comments
The market has stabilized, the first signs of a downtrend appeared
  1. Majority of traders are still holding onto longs. This means we should continue selling GBPUSD.
  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. Price increase is accompanied by reversal signals for Profit Ratio.
  4. Here is the crucial stop loss level to serve as a goal for our trading idea.