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

April 20, 2020 5:01:34 AM by Alex Zarevich
Forecast Details
PairGBPUSD
Direction Buy
StatusClosed (1.2405)
4:56
4:56
Apr. 20, 2020

+70 p
1.2545
Target 1
1.2475
Entry
-70 p
1.2405
Stop Loss
Chart & Analyst Comments
main-buy-market-trend-1
  1. Since the CurrentRatio sentiment indicator informs us that the market crowd is selling, we should consider sticking to Buy Orders.
  2. When the price decreases, a signal is formed (orange labels), which implies an upward movement.
  3. The Ratios indicator shows the change in the ratio of market players towards sellers. Their increase while the uptrend may indicate the activity of averaging traders. This can serve as "fuel" for further uptrend.
  4. Here is the crucial stop loss level to serve as a goal for our Buy trade idea.
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