GBPUSD - the pair is about to leave the range of flat

March 21, 2019 8:44:00 AM by Alexander Zorevyk
Forecast Details
PairGBPUSD
Direction Buy
StatusClosed (1.317)
6:12
6:00
Mar. 21, 2019

+54 p
1.3275
Target 1
1.3220
Entry
-50 p
1.3170
Stop Loss
Chart & Analyst Comments
GBPUSD - the pair is about to leave the range of flat
  1. Analyzing the market sentiment with Current Ratio indicator, we see a formed signal that confirms our idea of Buy Order.
  2. Analyzing the positions ratio, we see that most traders are currently in Shorts, which also combines with the original idea.
  3. 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.
  4. We are putting our take profit at the top of the profitable sellers zone.