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

December 21, 2021 7:51:40 AM by Alexander Zorevyk
Forecast Details
Direction Sell
StatusClosed (1.3300)
Dec. 21, 2021

-80 p
Stop Loss
+75 p
Target 1
Chart & Analyst Comments
  1. The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
  2. The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
  3. When the price rises, a signal is formed (orange labels), which implies a downwards movement.
  4. Price broke through the MVP line and rushed down. We consider this a sign for further GBPUSD price decrease.
  5. We see an accumulation of loss buyers above the current price in the right Order Book. This cluster can act as a resistance.
  6. The SLC indicator displays a cluster of Stop Losses and Stop orders straight at the previous low level, which according to our forecast, is good for placing Take Profit.
    index: 1x 0.038729190826416s
t_/pages/forecast: 1x 0.035215854644775s
t_/common/header-new: 1x 0.021100997924805s
t_/common/head: 1x 0.018124103546143s
t_/common/footer-new: 1x 0.0025639533996582s
router_page: 1x 0.001690149307251s
t_/popups/on-download: 1x 0.0007319450378418s
router: 1x 0.00067710876464844s
service-routes: 1x 0.00029420852661133s
router_redirection: 1x 0.00013399124145508s
t_/popups/zoom: 1x 2.9087066650391E-5s
----- END OF DUMP (2022-01-16 21:45:01)  -----