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GBPUSD - Downward trend will continue, Short trade by market price recommended

Patrick Yang on FXSSI Patrick Yang Expert
main-sell-market-trend-1
Forecast Details
PairGBPUSD
Publication Time9/23/19 3:33 PM
Direction Sell
Status Closed (1.2285)
Sep. 23, 2019
Sep. 30, 2019
Forecast
-150 p
1.2590
Stop Loss
1.2440
Entry
+155 p
1.2285
Target 1
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Chart & Analyst Comments

main-sell-market-trend-1
  1. According to the Current Ratio indicator, the market crowd inclined to believe in an upward movement. We recommend Short trade for today.
  2. In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
  3. The dynamics of the Ratios indicator signals for Short opportunities. Pay attention to the area marked on the image.
  4. Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
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