The market has stabilized, the first signs of a downtrend appeared
August 12, 2019 3:47:41 PM
Forecast Details
PairGBPUSD
Direction
Sell
StatusClosed (1.212)
-130 p
1.2250
Stop Loss
1.2120
Entry
+135 p
1.1985
Target 1
About Author
Patrick Yang
Expert
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Chart & Analyst Comments
- According to the most brokers’ data, more than half of the traders are currently in long positions on GBPUSD. As a result, we recommend considering only Short trades at this time.
- In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
- We are focused on the breakdown of the previous bottom, the target at the level of 1.1985.