- 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.
GBPUSD - Upward trend will continue, Long trade by market price recommended
October 30, 2019 7:59:29 AM
Forecast Details
PairGBPUSD
Direction
Buy
StatusClosed (1.2940)
+60 p
1.2940
Target 1
1.2880
Entry
-60 p
1.2820
Stop Loss
Chart & Analyst Comments
