GBPUSD - Upward trend will continue, Long trade by market price recommended
October 17, 2019 6:34:39 AM
Forecast Details
PairGBPUSD
Direction
Buy
StatusClosed (1.284)
+85 p
1.2840
Target 1
1.2755
Entry
-75 p
1.2680
Stop Loss
About Author
Alexander Zorevyk
Expert
Related Links
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Total votes: 6
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Chart & Analyst Comments
- According to the Current Ratio indicator, the market crowd inclined to believe in a downward movement. We recommend Long trade for today.
- We see a sharp increase in sell orders as indicated by a number of brokers, which may indicate an interest of a big market player. We are expecting an upward movement.
- The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
- Here is the crucial stop loss level to serve as a goal for our Buy trade idea.
- MVP line is below the price and acts as a support level.
