GBPUSD - Upward trend will continue, Long trade by market price recommended
October 21, 2019 5:45:26 PM
Forecast Details
PairGBPUSD
Direction
Buy
StatusClosed (1.285)
+184 p
1.3100
Target 1
1.2915
Entry
-155 p
1.2760
Stop Loss
About Author
Patrick Yang
Expert
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Chart & Analyst Comments
- Analyzing the market sentiment with Current Ratios indicator, we see a formed signal that confirms our idea of Buy Order.
- The last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
- 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.
- Here is the crucial stop loss level to serve as a goal for our Buy trade idea.
- MVP line is below the price and acts as a support level.