Currency pair GBPUSD is ready for retracement, Bulls come into play
January 31, 2019 6:46:12 AM
Forecast Details
PairGBPUSD
Direction
Buy
StatusClosed (1.3155)
+30 p
1.3155
Target 1
1.3125
Entry
-35 p
1.3090
Stop Loss
About Author
Alexander Zorevyk
Expert
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Chart & Analyst Comments
Previous price movement provoked sellers to action, but having made a fake manoeuvre, it returned upwards. Now is a good time to enter the market with a Buy Order.
- Analyzing the market sentiment with Current Ratio indicator, we see a formed signal that confirms our idea of Buy Order.
- The Ratios indicator demonstrates a market shift towards sellers. Their increase while the downward movement may indicate a successfully triggered trap. Possible price upward reversal.
- The Profit Ratio reversal indicator doesn't react on upward movement. This means that the movement is not fake.
