The market has stabilized, the first signs of a downtrend appeared
July 8, 2019 7:11:55 AM
Forecast Details
PairGBPUSD
Direction
Sell
StatusClosed (1.257)
-140 p
1.2710
Stop Loss
1.2570
Entry
+180 p
1.2390
Target 1
About Author
Patrick Yang
Expert
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Total votes: 10
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Chart & Analyst Comments
- The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
- The Profit Ratio reversal indicator doesn't react on downward movement. This means that the movement is not fake.
- The last upward movement was characterized by a “surge” in retail buyers. This is a good reason to start thinking about short positions.
