Help Ukraine! Today, Ukraine Is Fighting for Freedom and the Future of Democracy in Europe. Help Ukraine! Donate Verified Charity

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

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

-70 p
0.7255
Stop Loss
0.7185
Entry
+65 p
0.7120
Target 1
+90 p
0.7095
Target 2
Chart & Analyst Comments
main-sell-market-trend-1
  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.
    index: 1x 0.033043146133423s
t_/pages/forecast: 1x 0.030515909194946s
t_/common/header-new: 1x 0.019198179244995s
t_/common/head: 1x 0.016023874282837s
t_/common/footer-new: 1x 0.0024499893188477s
router_page: 1x 0.0013427734375s
router: 1x 0.00068807601928711s
t_/popups/on-download: 1x 0.00050806999206543s
service-routes: 1x 0.0002751350402832s
router_redirection: 1x 0.00012493133544922s
t_/popups/zoom: 1x 4.7922134399414E-5s
----- END OF DUMP (2022-07-05 19:38:07)  -----