AUDUSD - Downward trend will continue, Short trade by market price recommended
March 5, 2021 8:00:14 AM
Forecast Details
PairAUDUSD
Direction
Sell
StatusClosed (0.765)
-80 p
0.7780
Stop Loss
0.7700
Entry
+80 p
0.7620
Target 1
About Author
Alexander Zorevyk
Expert
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Total votes: 11
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Chart & Analyst Comments
- The ratio of buyers and sellers is close to parity, it's time to think about price turning down.
- The Profit Ratio reversal indicator doesn't react on downward movement. This means that the movement is not fake.
- The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
- We are focused on the breakdown of the previous bottom, the target at the level of 0.762.
