AUDUSD - the pair is about to leave the range of flat

April 5, 2019 6:00:37 AM by Alexander Zorevyk
Forecast Details
PairAUDUSD
Direction Buy
StatusClosed (0.7095)
6:13
6:00
Apr. 5, 2019

+24 p
0.7150
Target 1
0.7125
Entry
-30 p
0.7095
Stop Loss
Chart & Analyst Comments
AUDUSD - the pair is about to leave the range of flat

Previous price movement provoked sellers to action, but having made a fake manoeuvre, it returned upwards. Now is a good time to enter the market with a Buy Order.

  1. The dynamics of the Ratios indicator signals for Long opportunities. Pay attention to the area marked on the image.
  2. We see an accumulation of loss sellers below the current price in the right Order Book. This cluster can act as a support.
  3. In the left orderbook, we see a cluster of stop losses and stop orders right at the level of the previous peak. This is a good level for placing take profit according to our forecast.