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

May 20, 2019 3:54:50 PM by Patrick Yang
Forecast Details
PairGBPUSD
Direction Sell
StatusClosed (1.28)
Start
End
May 20, 2019
May 27, 2019

-75 p
1.2800
Stop Loss
1.2725
Entry
+89 p
1.2635
Target 1
Chart & Analyst Comments
GBPUSD - Downward trend will continue, Short trade by market price recommended
  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 going only short at this time.
  2. The dynamics of the Ratios indicator signals possible sells. Pay attention to the area marked on the image.
  3. The Profit Ratio indicator is not responding to a downward movement, this means that the movement is valid.