GBPUSD - Downward trend will continue, Short trade by market price recommended
May 20, 2019 3:54:50 PM
Forecast Details
PairGBPUSD
Direction
Sell
StatusClosed (1.28)
-75 p
1.2800
Stop Loss
1.2725
Entry
+89 p
1.2635
Target 1
About Author
Patrick Yang
Expert
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Total votes: 8
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Chart & Analyst Comments
- 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.
- The dynamics of the Ratios indicator signals possible sells. Pay attention to the area marked on the image.
- The Profit Ratio indicator is not responding to a downward movement, this means that the movement is valid.