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 Ratios indicator have reached critical value, too many traders expect an upward movement. In this case, we recommend selling only.
  2. The activity of "fresh" buyers in a 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 trading idea.