The market has stabilized, the first signs of a downtrend appeared

May 13, 2020 5:57:01 AM by Alexander Zorevyk
Forecast Details
PairGBPUSD
Direction Sell
StatusClosed (1.2200)
5:53
5:53
May 13, 2020

-90 p
1.2420
Stop Loss
1.2330
Entry
+85 p
1.2245
Target 1
+130 p
1.2200
Target 2
Chart & Analyst Comments
main-sell-trend-2
  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. MVP line is above the price and acts as a resistance level.
  4. Analyzing the positions ratio, we see that most traders are currently in Longs, which also combined with the original idea.
  5. Here is the crucial stop loss level to serve as a goal for our Sell trade idea.
    index: 1x 0.033674001693726s
t_/pages/forecast: 1x 0.031037092208862s
t_/common/header-new: 1x 0.019443988800049s
t_/common/head: 1x 0.016331911087036s
t_/common/footer-new: 1x 0.0024259090423584s
router_page: 1x 0.0014090538024902s
router: 1x 0.00071406364440918s
t_/popups/on-download: 1x 0.00054597854614258s
service-routes: 1x 0.0003211498260498s
router_redirection: 1x 0.00013184547424316s
t_/popups/zoom: 1x 3.9100646972656E-5s
----- END OF DUMP (2021-12-01 16:10:12)  -----