GBPUSD - Downward trend will continue, Short trade by market price recommended
April 12, 2019 6:42:51 AM
Forecast Details
PairGBPUSD
Direction
Sell
StatusClosed (1.31)
-40 p
1.3100
Stop Loss
1.3060
Entry
+40 p
1.3020
Target 1
About Author
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: 27
Buy or Sell
Chart & Analyst Comments

For today's forecast, we recommend a Sell Order at this recommended market price - 1.306. This idea is based on the following analysis:
- 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.
- The last upward movement was characterized by a “surge” in retail buyers. This is a good reason to start thinking about short positions.
- The Profit Ratio reversal indicator doesn't react on downward movement. This means that the movement is not fake.
- We see an accumulation of loss buyers above the current price in the right Order Book. This cluster can act as a resistance.
- In the left orderbook, we see a cluster of stop losses and stop orders right at the level of the previous bottom. This is a good level for placing take profit according to our forecast.