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GBPUSD - Upward trend will continue, Long trade by market price recommended

May 21, 2020 12:18:30 PM by Alex Zarevich
Forecast Details
PairGBPUSD
Direction Buy
StatusClosed (1.2170)
12:13
12:13
May 21, 2020
+75 p
1.2300
Target 2
+55 p
1.2280
Target 1
1.2225
Entry
-55 p
1.2170
Stop Loss
Chart & Analyst Comments
main-buy-market-trend-1
  1. The ratio of buyers and sellers is close to parity, it's time to think about price turning up.
  2. The dynamics of the Ratios indicator signals for Long opportunities. Pay attention to the area marked on the image.
  3. The last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
  4. Here is the crucial stop loss level to serve as a goal for our Buy trade idea.
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