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

August 15, 2019 5:20:02 AM by Alexander Zorevyk
Forecast Details
PairAUDUSD
Direction Sell
StatusClosed (0.678)
5:16
5:16
Aug. 15, 2019

-50 p
0.6830
Stop Loss
0.6780
Entry
+50 p
0.6730
Target 1
+70 p
0.6710
Target 2
Chart & Analyst Comments
AUDUSD - Downward trend will continue, Short trade by market price recommended
  1. The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
  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. Upward price movement is accompanied by reversal signals of Profit Ratio indicator.
  4. MVP line is above the price and acts as a resistance level.
  5. Set Take profit at the local price minimum.