GBPUSD - the pair is about to leave the range of flat

March 27, 2019 8:25:00 AM by Alexander Zorevyk
Forecast Details
PairGBPUSD
Direction Sell
StatusClosed (1.3235)
6:18
6:00
Mar. 27, 2019

-55 p
1.3235
Stop Loss
1.3180
Entry
+50 p
1.3130
Target 1
Chart & Analyst Comments
GBPUSD - the pair is about to leave the range of flat
  1. The ratio of buyers and sellers is close to parity, it's time to think about price turning down.
  2. The dynamics of the Ratios indicator signals for Short opportunities. Pay attention to the area marked on the image.
  3. The Profit Ratio reversal indicator doesn't react on downward movement. This means that the movement is not fake.
  4. We see an accumulation of loss buyers above the current price in the right Order Book. This cluster can act as a resistance.
  5. The price moved higher into the accumulation of buyers and formed an descending trampoline. The target of the trade is set at 1.313, which corresponds to the low point of the buyers' accumulation.