GBPUSD - Upward trend will continue, Long trade by market price recommended
March 31, 2021 1:32:35 PM
Forecast Details
PairGBPUSD
Direction
Buy
StatusClosed (1.3815)
+100 p
1.3865
Target 1
1.3765
Entry
-95 p
1.3670
Stop Loss
About Author
Alexander Zorevyk
Expert
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Total votes: 7
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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.
- When the price decreases, a signal is formed (orange labels), which implies an upward movement.
- The last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
- Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
- 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
