The market has stabilized, the first signs of a downtrend appeared

January 9, 2020 7:38:49 AM by Alexander Zorevyk
Forecast Details
PairAUDUSD
Direction Sell
StatusClosed (0.687)
7:37
7:37
Jan. 9, 2020

-50 p
0.6905
Stop Loss
0.6855
Entry
+55 p
0.6800
Target 1
Chart & Analyst Comments
The market has stabilized, the first signs of a downtrend appeared
  1. Majority of traders are still holding onto Longs. This means we should continue to Sell AUDUSD.
  2. In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
  3. The dynamics of the Ratios indicator signals for Short opportunities. Pay attention to the area marked on the image.
  4. MVP line is above the price and acts as a resistance level.
  5. We are setting the take profit of our Sell Order to the closest level with a large number of stop losses.