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

March 19, 2020 8:26:21 AM by Alex Zarevich
Forecast Details
Direction Sell
StatusClosed (1.1600)
Mar. 19, 2020

-90 p
Stop Loss
+85 p
Target 1
Chart & Analyst Comments
  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 dynamics of the Ratios indicator signals for Short opportunities. Pay attention to the area marked on the image.
  3. The idea of ​​this Sell forecast is based on a long-term downtrend, which is confirmed by the MVP indicator dynamics.
  4. Here is the crucial stop loss level to serve as a goal for our Sell trade idea.
    index: 1x 0.036367893218994s
t_/pages/forecast: 1x 0.03279709815979s
t_/common/header-new: 1x 0.021135091781616s
t_/common/head: 1x 0.017508029937744s
t_/common/footer-new: 1x 0.0026519298553467s
router_page: 1x 0.0016090869903564s
router: 1x 0.00066995620727539s
t_/popups/on-download: 1x 0.00060796737670898s
service-routes: 1x 0.00025200843811035s
router_redirection: 1x 0.00011897087097168s
t_/popups/zoom: 1x 1.5020370483398E-5s
----- END OF DUMP (2023-01-27 08:05:01)  -----