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 Current Ratios indicator, the market crowd inclined to believe in an upward movement. We recommend Short trade for today.
  2. The Ratios indicator demonstrates a market shift towards buyers. Their increase while the upward movement may indicate a successfully triggered trap. Possible price downward reversal.
  3. The activity of "fresh" bulls while the 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 Sell trade idea.