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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 Time1/13/25 7:36 AM
Direction Sell
Status Closed (1.2190)
7:36
7:36
Jan. 13, 2025
Forecast
-50 p
1.2190
Stop Loss
1.2140
Entry
+50 p
1.2090
Target 1
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Chart & Analyst Comments

main-sell-market-trend-1
  1. The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
  2. When the price rises, a signal is formed (orange labels), which implies a downwards movement.
  3. The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
  4. The risk-to-profit ratio allows us to set Take Profit for a Short trade at 1.209
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