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

12 avril 2019 06:42:51 by Alexander Zorevyk
Details des prévisions
PaireGBPUSD
Direction Vendre
Statut Fermé (1.31)
6:04
6:00
12 avr. 2019

-40 p
1.3100
Excédent des pertes
1.3060
Entrée
+40 p
1.3020
Cible 1
Tableau et analyses d'experts
GBPUSD - Downward trend will continue, Short trade by market price recommended
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For today's forecast, we recommend a sell order at the current market price. This idea is based on the following analysis:

  1. According to the most brokers’ data, more than half of the traders are currently in long positions on GBPUSD. As a result, we recommend considering going only short at this time.
  2. The last upward movement was characterized by a “surge” in retail buyers. This is a good reason to start thinking about short positions.
  3. The Profit Ratio indicator is not responding to a downward movement, this means that the movement is valid.
  4. In the right order book, we see the volume of loss buyers above the current price. This cluster can act as a resistance.
  5. In the left orderbook, we see a cluster of stop losses and stop orders right at the level of the previous support. This is a good level for placing take profit according to our forecast.