GBPUSD - Upward trend will continue, Long trade by market price recommended
February 17, 2020 7:57:59 AM
Forecast Details
PairGBPUSD
Direction
Buy
StatusClosed (1.2925)
+130 p
1.3160
Target 1
1.3030
Entry
-104 p
1.2925
Stop Loss
About Author
Patrick Yang
Expert
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Chart & Analyst Comments
- According to the Current Ratio indicator, the market crowd inclined to believe in a downward movement. We recommend Long trade for today.
- The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
- The Ratios indicator demonstrates a market shift towards sellers. Their increase while the downward movement may indicate a successfully triggered trap. Possible price upward reversal.
- MVP line is below the price and acts as a support level.
- We are setting the take profit of our Buy Order to the closest level with a large number of stop losses.