Help Ukraine! Today, Ukraine Is Fighting for Freedom and the Future of Democracy in Europe. Help Ukraine! Donate Verified Charity

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

September 7, 2022 10:50:44 AM by Alexander Zorevyk
Forecast Details
Direction Sell
StatusClosed (1.1540)
Sep. 7, 2022

-75 p
Stop Loss
+75 p
Target 1
Chart & Analyst Comments
  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. The Ratios indicator demonstrates a market shift towards buyers. Their increase while the upward movement may indicate a successfully triggered trap. Possible price downward reversal.
  3. In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
  4. The MVP indicator shows the downtrend. We take this into account as one of the important factors in today's forecast.
  5. Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
  6. The risk/reward ratio allows you to set Take Profit at the same level where the SLC indicator signals that there are Stop orders - 1.139
    index: 1x 0.058241844177246s
t_/pages/forecast: 1x 0.05518102645874s
t_/common/header-new: 1x 0.042664051055908s
t_/common/head: 1x 0.016185998916626s
t_/common/footer-new: 1x 0.0026187896728516s
router_page: 1x 0.0016758441925049s
router: 1x 0.00082111358642578s
t_/popups/on-download: 1x 0.00052595138549805s
service-routes: 1x 0.00035691261291504s
router_redirection: 1x 0.00016880035400391s
t_/popups/zoom: 1x 1.4066696166992E-5s
----- END OF DUMP (2022-10-05 05:18:10)  -----