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

March 6, 2019 8:29:43 AM by Alexander Zorevyk
Forecast Details
PairAUDUSD
Direction Sell
StatusClosed (0.706)
6:17
6:00
Mar. 6, 2019

-40 p
0.7100
Stop Loss
0.7060
Entry
+44 p
0.7015
Target 1
+64 p
0.6995
Target 2
Chart & Analyst Comments
AUDUSD - Downward trend will continue, Short trade by market price recommended
  1. According to the present ratio of positions indicator, the market crowd believes in an upward movement. As a result, we should consider selling only.
  2. The Ratios indicator demonstrates a market shift towards buyers. Their increase while the upward movement may indicate a successfully triggered trap. Possible price reversal down.
  3. The activity of "fresh" buyers in a downward movement may indicate that the market crowd still does not believe in a bearish trend.
  4. Price broke through the MVP line and rushed down. We consider in this a sign for further price decrease AUDUSD.
  5. This is a short-term trade. We are setting our take profit inside the flat.