GBPUSD - Upward trend will continue, Long trade by market price recommended
October 30, 2019 7:59:29 AM
Forecast Details
PairGBPUSD
Direction
Buy
StatusClosed (1.294)
+60 p
1.2940
Target 1
1.2880
Entry
-60 p
1.2820
Stop Loss
About Author
Alexander Zorevyk
Expert
Related Links
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Total votes: 3
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Chart & Analyst Comments
- The ratio of buyers and sellers is close to parity, it's time to think about price turning up.
- The last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
- Downward price movement is accompanied by reversal signals of Profit Ratio indicator.
- Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
