Help Ukraine! Today, Ukraine Is Fighting for Freedom and the Future of Democracy in Europe. Help Ukraine! Donate Verified Charity

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

November 15, 2021 7:01:52 AM by Alexander Zorevyk
Forecast Details
PairGBPUSD
Direction Sell
StatusClosed (1.3460)
6:54
6:54
Nov. 15, 2021

-65 p
1.3525
Stop Loss
1.3460
Entry
+70 p
1.3390
Target 1
+95 p
1.3365
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 Profit Ratio reversal indicator doesn't react on downward movement. This means that the movement is not fake.
  3. The activity of "fresh" buyers in an uptrend may indicate that the market expects the recovery of the bull trend. However, according to our analysis, this movement is corrective and we expect the price to go down.
  4. MVP line is above the price and acts as a resistance level.
  5. The first target is at the level of the previous bottom - 1.339, and the second one, in case of an active price decrease, is at the level - 1.3365
    index: 1x 0.036695003509521s
t_/pages/forecast: 1x 0.032723903656006s
t_/common/header-new: 1x 0.021157026290894s
t_/common/head: 1x 0.017551898956299s
t_/common/footer-new: 1x 0.0025880336761475s
router_page: 1x 0.0018489360809326s
router: 1x 0.00085091590881348s
t_/popups/on-download: 1x 0.00047898292541504s
service-routes: 1x 0.0003199577331543s
router_redirection: 1x 0.00013422966003418s
t_/popups/zoom: 1x 4.5061111450195E-5s
----- END OF DUMP (2022-05-22 05:11:05)  -----