EN

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

Alex Zarevich on FXSSI Alex Zarevich Expert
main-sell-market-trend-1
Forecast Details
PairGBPUSD
Publication Time8/7/24 7:41 AM
Direction Sell
Status Closed (1.2730)
7:41
7:41
Aug. 7, 2024
Forecast
-30 p
1.2730
Stop Loss
1.2700
Entry
+35 p
1.2665
Target 1
Related Links
How to use MT4/5 Indicators Tools
Recommended by FXSSI
XM Group
2009
Visit Website
Your capital is at risk. *T&Cs apply

Chart & Analyst Comments

main-sell-market-trend-1
  1. The ratio of buyers and sellers is close to parity, it's time to think about price turning down.
  2. MVP line is above the price and acts as a resistance level.
  3. We see an accumulation of loss buyers above the current price in the right Order Book. This cluster can act as a resistance.
  4. The SLC indicator displays a cluster of Stop Losses and Stop orders straight at the previous low level, which according to our forecast, is good for placing Take Profit.
    index: 1x 0.026844024658203s
t_/pages/forecast: 1x 0.02463698387146s
t_/common/header-new: 1x 0.016180992126465s
t_/common/head: 1x 0.013090848922729s
t_/common/footer-new: 1x 0.0022270679473877s
router_page: 1x 0.0007331371307373s
router: 1x 0.00055813789367676s
t_/popups/on-download: 1x 0.00047206878662109s
t_/common/cookie-banner: 1x 0.00029706954956055s
service-routes: 1x 0.00018692016601562s
t_/blocks/sidebar-afil: 1x 0.00014996528625488s
router_redirection: 1x 0.00010514259338379s
t_/popups/zoom: 1x 9.0599060058594E-6s
----- END OF DUMP (2025-08-22 00:23:08)  -----