GBPUSD - Downward trend will continue, Short trade by market price recommended
July 15, 2019 5:36:10 AM
Forecast Details
PairGBPUSD
Direction
Sell
StatusClosed (1.24)
-160 p
1.2725
Stop Loss
1.2565
Entry
+164 p
1.2400
Target 1
About Author
Patrick Yang
Expert
Related Links
Buy or Sell
More Pairs
Thanks for Voting!
Buy
Sell
Look like you are with the Crowd.
Fix it with Sentiment Strategy
Fix it with Sentiment Strategy
Congratulations! According to Sentiment Strategy you’ve made a right
decision.
You've already voted this pair. You can vote again later (when?) or try voting other
pair.
Total votes: 21
Buy or Sell
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 going only short at this time.
- The last upward movement was characterized by a “surge” in retail buyers. This is a good reason to start thinking about short positions.
- When the price rises, a signal is formed (orange labels), which implies a downwards movement.
- MVP line is above the price and acts as a resistance level.
- After a slight upward price movement, profitable buyers will begin actively to take profits, returning the price to its original position.