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

July 9, 2019 6:23:52 AM by Alexander Zorevyk
Forecast Details
PairGBPUSD
Direction Sell
StatusClosed (1.2445)
6:21
6:21
Jul. 9, 2019

-54 p
1.2550
Stop Loss
1.2495
Entry
+50 p
1.2445
Target 1
Chart & Analyst Comments
GBPUSD - Downward trend will continue, Short trade by market price recommended
  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 activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
  3. Here is the crucial stop loss level to serve as a goal for our Sell trade idea.