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AUDUSD - Upward trend will continue, Long trade by market price recommended

Alex Zarevich on FXSSI Alex Zarevich Expert
main-buy-market-trend-1
Forecast Details
PairAUDUSD
Publication Time7/9/24 7:16 AM
Direction Buy
Status Closed
7:16
7:16
Jul. 9, 2024
Forecast
+10 p
0.6755
Target 1
0.6745
Entry
-35 p
0.6710
Stop Loss
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Chart & Analyst Comments

main-buy-market-trend-1
  1. According to the most brokers’ data, more than half of the traders are currently in short positions on AUDUSD. As a result, we recommend considering only Long trades at this time.
  2. The Profit Ratio reversal indicator doesn't react on upward movement. This means that the movement is not fake.
  3. MVP line is below the price and acts as a support level.
  4. Set Take profit at the local price maximum.
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