- The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
- 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.
- In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
- The MVP indicator shows the downtrend. We take this into account as one of the important factors in today's forecast.
- Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
- 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
GBPUSD - Downward trend will continue, Short trade by market price recommended
September 7, 2022 10:50:44 AM
Forecast Details
PairGBPUSD
Direction
Sell
StatusClosed (1.1540)
-75 p
1.1540
Stop Loss
1.1465
Entry
+75 p
1.1390
Target 1
Chart & Analyst Comments
