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

Alex Zarevich on FXSSI Alex Zarevich Expert
main-sell-market-trend-1
Forecast Details
PairAUDUSD
Publication Time1/10/24 12:34 AM
Direction Sell
Status Closed (0.6685)
0:34
0:34
Jan. 10, 2024
Forecast
-55 p
0.6740
Stop Loss
0.6685
Entry
+55 p
0.6630
Target 1
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Chart & Analyst Comments

main-sell-market-trend-1
  1. According to the most brokers’ data, more than half of the traders are currently in long positions on AUDUSD. As a result, we recommend considering only Short trades at this time.
  2. We see an accumulation of loss buyers above the current price in the right Order Book. This cluster can act as a resistance.
  3. MVP line is above the price and acts as a resistance level.
  4. The SLC indicator displays a cluster of Stop Losses and Stop orders straight at the previous low level, which according to our forecast, is good for placing Take Profit.
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