GBPUSD - Upward trend will continue, Long trade by market price recommended
April 10, 2020 8:52:43 AM
Forecast Details
PairGBPUSD
Direction
Buy
StatusClosed (1.252)
+60 p
1.2520
Target 1
1.2460
Entry
-60 p
1.2400
Stop Loss
About Author
Alexander Zorevyk
Expert
Related Links
Buy or Sell
More Pairs
Thanks for Voting!
Buy
Sell
Look like you are with the Crowd.
Fix it with Sentiment Strategy
Fix it with Sentiment Strategy
Congratulations! According to Sentiment Strategy you’ve made a right
decision.
You've already voted this pair. You can vote again later (when?) or try voting other
pair.
Total votes: 23
Buy or Sell
Chart & Analyst Comments
- The current market situation looks like the attempt of sellers to average or enter the market at the peak. This is confirmed by the Current Ratio indicator.
- MVP line is below the price and acts as a support level.
- In the left orderbook, we see a cluster of stop losses and stop orders right at the level of the previous peak. This is a good level for placing take profit according to our forecast.
