AUDUSD - the pair is about to leave the flat range

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 flat range

Sharp downward move provoked sellers to action, but having made a deceptive 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 possible buys. Pay attention to the area marked on the image.
  2. We see a cluster of loss sellers below the current price. This cluster can act as a support.
  3. 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 our take profit according to our forecast.