GBPUSD - Upward trend will continue, Long trade by market price recommended

October 30, 2019 7:59:29 AM by Alex Zarevich
Forecast Details
PairGBPUSD
Direction Buy
StatusClosed (1.2940)
7:57
7:57
Oct. 30, 2019

+60 p
1.2940
Target 1
1.2880
Entry
-60 p
1.2820
Stop Loss
Chart & Analyst Comments
main-buy-market-trend-1
  1. The ratio of buyers and sellers is close to parity, it's time to think about price turning up.
  2. The last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
  3. Downward price movement is accompanied by reversal signals of Profit Ratio indicator.
  4. Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
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