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

August 12, 2019 3:47:41 PM by Patrick Yang
Forecast Details
PairGBPUSD
Direction Sell
StatusClosed (1.2120)
Start
End
Aug. 12, 2019
Aug. 19, 2019
-130 p
1.2250
Stop Loss
1.2120
Entry
+135 p
1.1985
Target 1
Chart & Analyst Comments
main-sell-trend-2
  1. 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.
  2. In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
  3. We are focused on the breakdown of the previous bottom, the target at the level of 1.1985.
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