GBPUSD - Downward trend will continue, Short trade by market price recommended
September 23, 2019 3:33:14 PM
Forecast Details
PairGBPUSD
Direction
Sell
StatusClosed (1.2285)
-149 p
1.2590
Stop Loss
1.2440
Entry
+155 p
1.2285
Target 1
About Author
Patrick Yang
Expert
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Chart & Analyst Comments
- According to the Current Ratio indicator, the market crowd inclined to believe in an upward movement. We recommend Short trade for today.
- In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
- The dynamics of the Ratios indicator signals for Short opportunities. Pay attention to the area marked on the image.
- Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.