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

June 14, 2019 6:22:34 AM by Alexander Zorevyk
Forecast Details
PairGBPUSD
Direction Sell
StatusClosed (1.2635)
6:21
6:21
Jun. 14, 2019

-50 p
1.2730
Stop Loss
1.2680
Entry
+45 p
1.2635
Target 1
Chart & Analyst Comments
GBPUSD - Downward trend will continue, Short trade by market price recommended
  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 Profit Ratio reversal indicator doesn't react on downward movement. This means that the movement is not fake.
  3. We are setting Stop Loss for our Sell trade at the level with the lowest amount of stop losses of other market participants.