GBPUSD - the pair is about to leave the flat range

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 flat range
  1. Analyzing the current ratio of trader positions, we see a formed signal that confirms our idea of buy order(s) only.
  2. Analyzing the ratio of positions, we see that most traders are currently in sales, which is also combined 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 to a continued upward movement.
  4. We are fixing our take profit at the top of the zone of profitable sellers.