- The ratio of buyers and sellers is close to parity, it's time to think about price turning down.
- When the price rises, a signal is formed (orange labels), which implies a downwards movement.
- In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
- Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
- The SLC indicator displays the levels where there are Stop Losses acting as targets for our trading idea.
AUDUSD - Downward trend will continue, Short trade by market price recommended
June 8, 2022 10:50:28 AM
Forecast Details
PairAUDUSD
Direction
Sell
StatusClosed (0.7185)
-70 p
0.7255
Stop Loss
0.7185
Entry
+65 p
0.7120
Target 1
+90 p
0.7095
Target 2
Chart & Analyst Comments
