The market has stabilized, the first signs of a downtrend appeared
January 9, 2020 7:38:49 AM
Forecast Details
PairAUDUSD
Direction
Sell
StatusClosed (0.687)
-50 p
0.6905
Stop Loss
0.6855
Entry
+54 p
0.6800
Target 1
About Author
Alexander Zorevyk
Expert
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Chart & Analyst Comments
- Majority of traders are still holding onto Longs. This means we should continue to Sell AUDUSD.
- In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
- The dynamics of the Ratios indicator signals for Short opportunities. Pay attention to the area marked on the image.
- MVP line is above the price and acts as a resistance level.
- We are setting the take profit of our Sell Order to the closest level with a large number of stop losses.