The market has stabilized, the first signs of a downtrend appeared

July 8, 2019 7:11:55 AM by Patrick Yang
Forecast Details
PairGBPUSD
Direction Sell
StatusClosed (1.2565)
Start
End
Jul. 8, 2019
Jul. 15, 2019

-140 p
1.2710
Stop Loss
1.2570
Entry
+179 p
1.2390
Target 1
Chart & Analyst Comments
The market has stabilized, the first signs of a downtrend appeared
  1. The Current Ratios indicator have reached critical value, too many traders expect an upward movement. In this case, we recommend selling only.
  2. The Profit Ratio indicator is not responding to a downward movement, this means that the movement is valid.
  3. The last upward movement was characterized by a “surge” in retail buyers. This is a good reason to start thinking about short positions.