AUDUSD - Downward trend will continue, Short trade by market price recommended
February 15, 2019 8:57:04 AM
Forecast Details
PairAUDUSD
Direction
Sell
StatusClosed (0.7145)
-50 p
0.7145
Stop Loss
0.7095
Entry
+45 p
0.7050
Target 1
About Author
Alexander Zorevyk
Expert
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Chart & Analyst Comments
- The Current Ratios indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
- Analyzing the positions ratio, we see that most traders are currently in Longs, which also combined with the original idea.
- MVP line is above the price and acts as a resistance level.
- The Profit Ratio reversal indicator doesn't react on downward movement. This means that the movement is not fake.
- Here is the crucial stop loss level to serve as a goal for our Sell trade idea.