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

April 20, 2020 5:01:34 AM by Alexander Zorevyk
Forecast Details
Direction Buy
StatusClosed (1.2405)
Apr. 20, 2020

+70 p
Target 1
-70 p
Stop Loss
Chart & Analyst Comments
  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.
    index: 1x 0.033579111099243s
t_/pages/forecast: 1x 0.030336856842041s
t_/common/header-new: 1x 0.019541025161743s
t_/common/head: 1x 0.016077995300293s
t_/common/footer-new: 1x 0.0025160312652588s
router_page: 1x 0.0017838478088379s
router: 1x 0.00075316429138184s
t_/popups/on-download: 1x 0.00053310394287109s
service-routes: 1x 0.00029301643371582s
router_redirection: 1x 0.00013208389282227s
t_/popups/zoom: 1x 3.0040740966797E-5s
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