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

March 31, 2021 1:32:35 PM by Alexander Zorevyk
Forecast Details
PairGBPUSD
Direction Buy
StatusClosed (1.3815)
13:30
13:30
Mar. 31, 2021
+100 p
1.3865
Target 1
1.3765
Entry
-95 p
1.3670
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. When the price decreases, a signal is formed (orange labels), which implies an upward movement.
  3. The last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
  4. Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
  5. The risk/reward ratio allows you to set Take Profit at the same level where the SLC indicator signals that there are Stop orders - 1.3865
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