The market has stabilized, the first signs of a downtrend appeared
July 8, 2019 7:11:55 AM
Forecast Details
PairGBPUSD
Direction
Sell
StatusClosed (1.2565)
-140 p
1.2710
Stop Loss
1.2570
Entry
+179 p
1.2390
Target 1
About Author
Patrick Yang
Expert
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Total votes: 23
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Chart & Analyst Comments
- The Current Ratios indicator have reached critical value, too many traders expect an upward movement. In this case, we recommend selling only.
- The Profit Ratio indicator is not responding to a downward movement, this means that the movement is valid.
- The last upward movement was characterized by a “surge” in retail buyers. This is a good reason to start thinking about short positions.