The market has stabilized, the first signs of an uptrend appeared

May 1, 2020 6:39:38 AM by Alexander Zorevyk
Forecast Details
PairAUDUSD
Direction Buy
StatusClosed (0.641)
6:33
6:33
May 1, 2020

+104 p
0.6535
Target 2
+70 p
0.6500
Target 1
0.6430
Entry
-65 p
0.6365
Stop Loss
Chart & Analyst Comments
The market has stabilized, the first signs of an uptrend appeared
  1. The Current Ratio indicator, which is used for quick market sentiment analysis, provides Buy signal at the moment.
  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. After a slight downward price movement, profitable sellers actively begin to take profits, returning the price to its original position.
  4. We are putting our take profit at the top of the profitable sellers zone.