Help Ukraine! Today, Ukraine Is Fighting for Freedom and the Future of Democracy in Europe. Help Ukraine! Donate Verified Charity

GBPUSD - Downward trend will continue, Short trade by market price recommended

July 15, 2019 5:36:10 AM by Patrick Yang
Forecast Details
PairGBPUSD
Direction Sell
StatusClosed (1.2400)
Start
End
Jul. 15, 2019
Jul. 22, 2019

-160 p
1.2725
Stop Loss
1.2565
Entry
+165 p
1.2400
Target 1
Chart & Analyst Comments
main-sell-market-trend-1
  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. The last upward movement was characterized by a “surge” in retail buyers. This is a good reason to start thinking about short positions.
  3. When the price rises, a signal is formed (orange labels), which implies a downwards movement.
  4. MVP line is above the price and acts as a resistance level.
  5. After a slight upward price movement, profitable buyers actively begin to take profits, returning the price to its original position.
    index: 1x 0.035480976104736s
t_/pages/forecast: 1x 0.031512022018433s
t_/common/header-new: 1x 0.019824028015137s
t_/common/head: 1x 0.016262054443359s
t_/common/footer-new: 1x 0.0026140213012695s
router_page: 1x 0.0018150806427002s
router: 1x 0.00089001655578613s
t_/popups/on-download: 1x 0.00048923492431641s
service-routes: 1x 0.0003509521484375s
router_redirection: 1x 0.00017023086547852s
t_/popups/zoom: 1x 1.5020370483398E-5s
----- END OF DUMP (2022-05-22 04:34:05)  -----