GBPUSD - the pair is about to leave the range of flat
March 21, 2019 8:44:00 AM
Forecast Details
PairGBPUSD
Direction
Buy
StatusClosed (1.317)
+54 p
1.3275
Target 1
1.3220
Entry
-50 p
1.3170
Stop Loss
About Author
Alexander Zorevyk
Expert
Related Links
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Total votes: 14
Buy or Sell
Chart & Analyst Comments
- Analyzing the market sentiment with Current Ratio indicator, we see a formed signal that confirms our idea of Buy Order.
- Analyzing the positions ratio, we see that most traders are currently in Shorts, which also combines with the original idea.
- There is an increase in the number of bears on the downward movement, followed by correction. We consider this movement as a trap for sellers and look forward for a continuation of the uptrend.
- We are putting our take profit at the top of the profitable sellers zone.
