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 (1.212)
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
The market has stabilized, the first signs of a downtrend appeared
  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 going only short at this time.
  2. In this sideways movement, buying prevails in the market crowd. There seem to be a major player interest in a downward movement.
  3. This movement is focused on the breakdown of the previous support, the target at the level of 1.1985.