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GBPUSD - Upward trend will continue, Long trade by market price recommended

February 17, 2020 7:57:59 AM by Patrick Yang
Forecast Details
PairGBPUSD
Direction Buy
StatusClosed (1.2925)
Start
End
Feb. 17, 2020
Feb. 24, 2020
+130 p
1.3160
Target 1
1.3030
Entry
-105 p
1.2925
Stop Loss
Chart & Analyst Comments
main-buy-market-trend-1
  1. According to the Current Ratio indicator, the market crowd inclined to believe in a downward movement. We recommend Long trade for today.
  2. The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
  3. 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.
  4. MVP line is below the price and acts as a support level.
  5. We are setting the take profit of our Buy Order to the closest level with a large number of stop losses.
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