EN

GBPUSD - Downward trend will continue, Short trade by market price recommended

Patrick Yang on FXSSI Patrick Yang Expert
main-sell-market-trend-1
Forecast Details
PairGBPUSD
Publication Time10/7/19 6:43 AM
Direction Sell
Status Closed (1.2470)
Oct. 7, 2019
Oct. 14, 2019
Forecast
-150 p
1.2470
Stop Loss
1.2320
Entry
+150 p
1.2170
Target 1
Related Links
How to use MT4/5 Indicators Tools
Recommended by FXSSI
XM Group
2009
Visit Website
Your capital is at risk. *T&Cs apply

Chart & Analyst Comments

main-sell-market-trend-1
  1. Majority of traders are still holding onto Longs. This means we should continue to Sell GBPUSD.
  2. The activity of "fresh" buyers in an uptrend may indicate that the market expects the recovery of the bull trend. However, according to our analysis, this movement is corrective and we expect the price to go down.
  3. The dynamics of the Ratios indicator signals for Short opportunities. Pay attention to the area marked on the image.
  4. We see an accumulation of loss buyers above the current price in the right Order Book. This cluster can act as a resistance.
  5. MVP line is above the price and acts as a resistance level.
    index: 1x 0.029186964035034s
t_/pages/forecast: 1x 0.02724289894104s
t_/common/header-new: 1x 0.018098831176758s
t_/common/head: 1x 0.013494968414307s
t_/common/footer-new: 1x 0.0022530555725098s
router_page: 1x 0.00093722343444824s
router: 1x 0.00057792663574219s
t_/popups/on-download: 1x 0.00043320655822754s
t_/common/cookie-banner: 1x 0.00034713745117188s
service-routes: 1x 0.00024509429931641s
t_/blocks/sidebar-afil: 1x 0.00017499923706055s
router_redirection: 1x 0.00012087821960449s
t_/popups/zoom: 1x 4.3153762817383E-5s
----- END OF DUMP (2025-11-14 22:54:11)  -----