GBPUSD - Upward trend will continue, Long trade by market price recommended
May 21, 2020 12:18:30 PM
Forecast Details
PairGBPUSD
Direction
Buy
StatusClosed (1.217)
+75 p
1.2300
Target 2
+55 p
1.2280
Target 1
1.2225
Entry
-54 p
1.2170
Stop Loss
About Author
Alexander Zorevyk
Expert
Related Links
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Total votes: 12
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Chart & Analyst Comments
- The ratio of buyers and sellers is close to parity, it's time to think about price turning up.
- The dynamics of the Ratios indicator signals for Long opportunities. Pay attention to the area marked on the image.
- The last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
- Here is the crucial stop loss level to serve as a goal for our Buy trade idea.
