Help Ukraine! Today, Ukraine Is Fighting for Freedom and the Future of Democracy in Europe. Help Ukraine! Donate Verified Charity
EN

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.
    index: 1x 0.033560991287231s
t_/pages/forecast: 1x 0.030925035476685s
t_/common/header-new: 1x 0.01934289932251s
t_/common/head: 1x 0.015959978103638s
t_/common/footer-new: 1x 0.002518892288208s
router_page: 1x 0.0014209747314453s
router: 1x 0.0006568431854248s
t_/popups/on-download: 1x 0.00052714347839355s
service-routes: 1x 0.00028395652770996s
router_redirection: 1x 0.00013017654418945s
t_/popups/zoom: 1x 3.0994415283203E-5s
----- END OF DUMP (2022-07-06 16:24:07)  -----