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

March 4, 2019 8:44:37 AM by Alexander Zorevyk
Forecast Details
PairAUDUSD
Direction Sell
StatusClosed (0.704)
6:19
6:00
Mar. 4, 2019

-50 p
0.7140
Stop Loss
0.7090
Entry
+50 p
0.7040
Target 1
Chart & Analyst Comments
AUDUSD - Downward trend will continue, Short trade by market price recommended
  1. According to the present ratio of positions indicator, the market crowd believes in an upward movement. As a result, we should consider selling only.
  2. The Ratios indicator demonstrates a market shift towards buyers. Their increase while the upward movement may indicate a successfully triggered trap. Possible price reversal down.
  3. The activity of "fresh" buyers in a downward movement may indicate that the market crowd still does not believe in a bearish trend.
  4. MVP line is above the price and acts as a resistance level.
  5. Here is the crucial stop loss level to serve as a goal for our trading idea.