The market has stabilized, the first signs of an uptrend appeared

September 16, 2019 7:04:36 AM by Patrick Yang
Forecast Details
PairGBPUSD
Direction Buy
StatusClosed (1.2385)
Start
End
Sep. 16, 2019
Sep. 23, 2019

+215 p
1.2600
Target 2
+145 p
1.2530
Target 1
1.2385
Entry
-140 p
1.2245
Stop Loss
Chart & Analyst Comments
The market has stabilized, the first signs of an uptrend appeared
  1. The ratio of buyers and sellers is close to parity, it's time to think about price turning up.
  2. The decrease in the buyers volume, together with the increase in the sellers volume, confirms the need to Buy, according to our trading idea.
  3. 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.
  4. 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.