EN

GBPUSD - Downward trend will continue, Short trade by market price recommended

Alex Zarevich on FXSSI Alex Zarevich Expert
main-sell-market-trend-1
Forecast Details
PairGBPUSD
Publication Time11/22/24 8:25 AM
Direction Sell
Status Closed (1.2550)
8:25
8:25
Nov. 22, 2024
Forecast
-25 p
1.2600
Stop Loss
1.2575
Entry
+25 p
1.2550
Target 1
Related Links
How to use MT4/5 Indicators Tools
Recommended by FXSSI
XM Group
2009
Visit Website
Your capital is at risk. *T&Cs apply

Chart & Analyst Comments

main-sell-market-trend-1
  1. According to the most brokers’ data, more than half of the traders are currently in long positions on GBPUSD. As a result, we recommend considering only Short trades at this time.
  2. The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
  3. The MVP indicator shows the downtrend. We take this into account as one of the important factors in today's forecast.
  4. Here is the crucial stop loss level to serve as a goal for our Sell trade idea.
    index: 1x 0.075092077255249s
t_/pages/forecast: 1x 0.051903963088989s
t_/common/header-new: 1x 0.030489206314087s
t_/common/head: 1x 0.022778987884521s
router: 1x 0.010782957077026s
t_/common/footer-new: 1x 0.005864143371582s
router_page: 1x 0.0028970241546631s
t_/popups/on-download: 1x 0.0010390281677246s
t_/blocks/sidebar-afil: 1x 0.00094890594482422s
service-routes: 1x 0.0008690357208252s
t_/common/cookie-banner: 1x 0.00068402290344238s
router_redirection: 1x 0.00040483474731445s
t_/popups/zoom: 1x 3.0994415283203E-5s
----- END OF DUMP (2025-01-20 22:28:01)  -----