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

June 8, 2022 10:50:28 AM by Alexander Zorevyk
Forecast Details
Direction Sell
StatusClosed (0.7185)
Jun. 8, 2022

-70 p
Stop Loss
+65 p
Target 1
+90 p
Target 2
Chart & Analyst Comments
  1. The ratio of buyers and sellers is close to parity, it's time to think about price turning down.
  2. When the price rises, a signal is formed (orange labels), which implies a downwards movement.
  3. In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
  4. Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
  5. The SLC indicator displays the levels where there are Stop Losses acting as targets for our trading idea.
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