Help Ukraine! Today, Ukraine Is Fighting for Freedom and the Future of Democracy in Europe. Help Ukraine! Donate Verified Charity

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

December 10, 2019 7:35:58 AM by Alexander Zorevyk
Forecast Details
PairGBPUSD
Direction Buy
StatusClosed (1.3135)
7:34
7:34
Dec. 10, 2019

+70 p
1.3230
Target 1
1.3160
Entry
-70 p
1.3090
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. The Profit Ratio reversal indicator doesn't react on upward movement. This means that the movement is not fake.
  4. MVP line is below the price and acts as a support level.
  5. 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.
    index: 1x 0.040249824523926s
t_/pages/forecast: 1x 0.035326957702637s
t_/common/header-new: 1x 0.023446083068848s
t_/common/head: 1x 0.017983913421631s
t_/common/footer-new: 1x 0.0027608871459961s
router_page: 1x 0.0023150444030762s
router: 1x 0.0011591911315918s
t_/popups/on-download: 1x 0.00058913230895996s
service-routes: 1x 0.00049591064453125s
router_redirection: 1x 0.00024008750915527s
t_/popups/zoom: 1x 3.8862228393555E-5s
----- END OF DUMP (2022-08-11 07:59:08)  -----