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

March 5, 2021 8:00:14 AM by Alexander Zorevyk
Forecast Details
PairAUDUSD
Direction Sell
StatusClosed (0.765)
7:58
7:58
Mar. 5, 2021

-80 p
0.7780
Stop Loss
0.7700
Entry
+80 p
0.7620
Target 1
Chart & Analyst Comments
AUDUSD - Downward trend will continue, Short trade by market price recommended
  1. The ratio of buyers and sellers is close to parity, it's time to think about price turning down.
  2. The Profit Ratio reversal indicator doesn't react on downward movement. This means that the movement is not fake.
  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. We are focused on the breakdown of the previous bottom, the target at the level of 0.762.