EN

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

Alex Zarevich on FXSSI Alex Zarevich Expert
main-sell-market-trend-1
Forecast Details
PairGBPUSD
Publication Time12/10/24 9:23 AM
Direction Sell
Status Closed (1.2730)
9:23
9:23
Dec. 10, 2024
Forecast
-45 p
1.2790
Stop Loss
1.2745
Entry
+45 p
1.2700
Target 1
Related Links
How to use MT4/5 Indicators Tools
Recommended by FXSSI
XM Group
2009
Visit Website
Your capital is at risk. *T&Cs apply

Chart & Analyst Comments

main-sell-market-trend-1
  1. According to the most brokers’ data, more than half of the traders are currently in long positions on GBPUSD. As a result, we recommend considering only Short trades at this time.
  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 we see an accumulation of buyers "locked" with a loss positions. We consider this zone as a resistance.
  4. The SLC indicator displays the levels where there are Stop Losses acting as targets for our trading idea.
    index: 1x 0.035598039627075s
t_/pages/forecast: 1x 0.032151937484741s
t_/common/header-new: 1x 0.020188808441162s
t_/common/head: 1x 0.016523122787476s
t_/common/footer-new: 1x 0.0025131702423096s
router_page: 1x 0.0012328624725342s
router: 1x 0.00071501731872559s
t_/popups/on-download: 1x 0.00060296058654785s
t_/common/cookie-banner: 1x 0.00036096572875977s
service-routes: 1x 0.0002739429473877s
t_/blocks/sidebar-afil: 1x 0.00016593933105469s
router_redirection: 1x 0.00013089179992676s
t_/popups/zoom: 1x 2.288818359375E-5s
----- END OF DUMP (2024-12-21 15:17:12)  -----