GBPUSD - Upward trend will continue, Long trade by market price recommended

October 17, 2019 6:34:39 AM by Alexander Zorevyk
Forecast Details
PairGBPUSD
Direction Buy
StatusClosed (1.284)
6:32
6:32
Oct. 17, 2019

+85 p
1.2840
Target 1
1.2755
Entry
-75 p
1.2680
Stop Loss
Chart & Analyst Comments
GBPUSD - Upward trend will continue, Long trade by market price recommended
  1. According to the Current Ratio indicator, the market crowd inclined to believe in a downward movement. We recommend Long trade for today.
  2. 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.
  3. The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
  4. Here is the crucial stop loss level to serve as a goal for our Buy trade idea.
  5. MVP line is below the price and acts as a support level.