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The market has stabilized, the first signs of an uptrend appeared

October 12, 2020 8:28:08 AM by Alexander Zorevyk
Forecast Details
Direction Buy
StatusClosed (0.7155)
Oct. 12, 2020

+130 p
Target 2
+95 p
Target 1
-75 p
Stop Loss
Chart & Analyst Comments
  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 activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
  3. MVP line is below the price and acts as a support level.
  4. Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
  5. The rise in price will be accompanied by triggering of the market crowd’s Stop Losses, which in turn will serve as a “fuel” for the upward movement.
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