- The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
- Analyzing the positions ratio, we see that most traders are currently in Longs, which also combined with the original idea.
- MVP line is above the price and acts as a resistance level.
- When the price rises, a signal is formed (orange labels), which implies a downwards movement.
- After a slight upward price movement, profitable buyers actively begin to take profits, returning the price to its original position.
- The given Stop Losses of market participants are on the same level as the previous low, which will serve as the target for our trade.
GBPUSD - Downward trend will continue, Short trade by market price recommended
May 19, 2022 9:21:09 AM
Forecast Details
PairGBPUSD
Direction
Sell
StatusClosed (1.2445)
-60 p
1.2445
Stop Loss
1.2385
Entry
+60 p
1.2325
Target 1
+85 p
1.2300
Target 2
Chart & Analyst Comments
