GBPUSD - Upward trend will continue, Long trade by market price recommended

December 8, 2020 8:22:19 AM by Alex Zarevich
Forecast Details
PairGBPUSD
Direction Buy
StatusClosed (1.3425)
8:20
8:20
Dec. 8, 2020

+95 p
1.3425
Target 2
+70 p
1.3400
Target 1
1.3330
Entry
-75 p
1.3255
Stop Loss
Chart & Analyst Comments
main-buy-market-trend-1
  1. According to the most brokers’ data, more than half of the traders are currently in short positions on GBPUSD. As a result, we recommend considering only Long trades at this time.
  2. The last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
  3. MVP line is below the price and acts as a support level.
  4. Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
  5. The SLC indicator displays the levels where there are Stop Losses acting as targets for our trading idea.
    index: 1x 0.034550189971924s
t_/pages/forecast: 1x 0.031839847564697s
t_/common/header-new: 1x 0.020190954208374s
t_/common/head: 1x 0.017204999923706s
t_/common/footer-new: 1x 0.0023927688598633s
router_page: 1x 0.0013210773468018s
router: 1x 0.00070285797119141s
t_/popups/on-download: 1x 0.00053310394287109s
service-routes: 1x 0.00031113624572754s
router_redirection: 1x 0.00013494491577148s
t_/popups/zoom: 1x 1.1920928955078E-5s
----- END OF DUMP (2023-02-05 00:15:02)  -----