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

February 15, 2019 8:57:04 AM by Alexander Zorevyk
Forecast Details
PairAUDUSD
Direction Sell
StatusClosed (0.7145)
6:04
6:00
Feb. 15, 2019

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