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

August 27, 2019 9:18:05 AM by Alexander Zorevyk
Forecast Details
PairGBPUSD
Direction Sell
StatusClosed (1.2305)
9:14
9:14
Aug. 27, 2019

-49 p
1.2305
Stop Loss
1.2255
Entry
+55 p
1.2200
Target 1
Chart & Analyst Comments
GBPUSD - Downward trend will continue, Short trade by market price recommended
  1. The Current Ratios indicator, which is used to quickly assess market sentiment, currently signals sell.
  2. The last upward movement was characterized by a “surge” in retail buyers. This is a good reason to start thinking about short positions.
  3. When the price rises, a signal is formed (orange labels), which implies a downwards movement.
  4. Visually assessing the ratio of buyers and sellers, we see that retail buyers dominate on the market. This fact swings trades in favor of sell orders.