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

Alex Zarevich on FXSSI Alex Zarevich Expert
main-sell-market-trend-1
Forecast Details
PairAUDUSD
Publication Time3/4/25 8:08 AM
Direction Sell
Status Closed (0.6255)
8:08
8:08
Mar. 4, 2025
Forecast
-50 p
0.6255
Stop Loss
0.6205
Entry
+50 p
0.6155
Target 1
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Chart & Analyst Comments

main-sell-market-trend-1
  1. According to the most brokers’ data, more than half of the traders are currently in long positions on AUDUSD. As a result, we recommend considering only Short trades at this time.
  2. The increase in buyers is observed both in the downward movement and in the retracement movements. Retail traders still believe in the possibility of price increase.
  3. MVP line is above the price and acts as a resistance level.
  4. The risk-to-profit ratio allows us to set Take Profit for a Short trade at 0.6155
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