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

October 21, 2019 5:45:26 PM by Patrick Yang
Forecast Details
PairGBPUSD
Direction Buy
StatusClosed (1.2850)
Start
End
Oct. 21, 2019
Oct. 28, 2019
+185 p
1.3100
Target 1
1.2915
Entry
-155 p
1.2760
Stop Loss
Chart & Analyst Comments
main-buy-market-trend-1
  1. Analyzing the market sentiment with Current Ratio indicator, we see a formed signal that confirms our idea of Buy Order.
  2. The last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
  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. Here is the crucial stop loss level to serve as a goal for our Buy trade idea.
  5. MVP line is below the price and acts as a support level.
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