The market has stabilized, the first signs of an uptrend appeared
September 16, 2019 7:04:36 AM
Forecast Details
PairGBPUSD
Direction
Buy
StatusClosed (1.2385)
+215 p
1.2600
Target 2
+145 p
1.2530
Target 1
1.2385
Entry
-140 p
1.2245
Stop Loss
About Author
Patrick Yang
Expert
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Chart & Analyst Comments
- The ratio of buyers and sellers is close to parity, it's time to think about price turning up.
- The decrease in the buyers volume, together with the increase in the sellers volume, confirms the need to Buy, according to our trading idea.
- The Ratios indicator shows the change in the ratio of market players towards sellers. Their increase while the uptrend may indicate the activity of averaging traders. This can serve as "fuel" for further uptrend.
- These accumulation of retail traders stop losses coincide with the level of the previous high. This level will serve as the target for our trade.
