Help Ukraine! Today, Ukraine Is Fighting for Freedom and the Future of Democracy in Europe. Help Ukraine! Donate Verified Charity

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

June 28, 2019 5:44:28 AM by Alexander Zorevyk
Forecast Details
PairGBPUSD
Direction Sell
StatusClosed (1.2715)
5:36
5:36
Jun. 28, 2019

-45 p
1.2715
Stop Loss
1.2670
Entry
+50 p
1.2620
Target 1
Chart & Analyst Comments
main-sell-market-trend-1
  1. Majority of traders are still holding onto Longs. This means we should continue to Sell GBPUSD.
  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. Upward price movement is accompanied by reversal signals of Profit Ratio indicator.
  4. These accumulation of retail traders stop losses coincide with the level of the previous low. This level will serve as the target for our trade.
    index: 1x 0.036396980285645s
t_/pages/forecast: 1x 0.0331130027771s
t_/common/header-new: 1x 0.02130389213562s
t_/common/head: 1x 0.017148017883301s
t_/common/footer-new: 1x 0.0035398006439209s
router_page: 1x 0.0017621517181396s
t_/popups/on-download: 1x 0.00089788436889648s
router: 1x 0.00076603889465332s
service-routes: 1x 0.00030994415283203s
router_redirection: 1x 0.00014281272888184s
t_/popups/zoom: 1x 4.5061111450195E-5s
----- END OF DUMP (2022-08-08 07:06:08)  -----