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

September 23, 2019 3:33:14 PM by Patrick Yang
Forecast Details
PairGBPUSD
Direction Sell
StatusClosed (1.2285)
Start
End
Sep. 23, 2019
Sep. 30, 2019

-149 p
1.2590
Stop Loss
1.2440
Entry
+155 p
1.2285
Target 1
Chart & Analyst Comments
GBPUSD - Downward trend will continue, Short trade by market price recommended
  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.