GBPUSD - Upward trend will continue, Long trade by market price recommended
June 25, 2019 6:19:44 AM
Forecast Details
PairGBPUSD
Direction
Buy
StatusClosed (1.2675)
+70 p
1.2820
Target 1
1.2750
Entry
-74 p
1.2675
Stop Loss
About Author
Alexander Zorevyk
Expert
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Total votes: 31
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Chart & Analyst Comments
- The Ratios indicator demonstrates a change in the ratio of players in the market towards buyers. Their increase while the trend is still going downwards may indicate the activity of averaging traders. This can only serve as "fuel" for further downtrend.
- The decrease in the volume of buyers, together with the increase in the volume of sellers, confirms the need to buy, according to our trading idea.
- We see a cluster of stop losses and stop orders right at the level of the previous peak. This is a good level for placing our take profit according to our forecast.