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

October 15, 2019 6:40:04 AM by Alexander Zorevyk
Forecast Details
PairAUDUSD
Direction Sell
StatusClosed (0.6725)
6:36
6:36
Oct. 15, 2019

-50 p
0.6825
Stop Loss
0.6775
Entry
+50 p
0.6725
Target 1
+74 p
0.6700
Target 2
Chart & Analyst Comments
AUDUSD - Downward trend will continue, Short trade by market price recommended
  1. Analyzing the market sentiment with Current Ratios indicator, we see a formed signal that confirms our idea of Sell Order.
  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. MVP line is above the price and acts as a resistance level.
  4. We see two clusters of stop losses below the price on which we set our first and second targets according to our forecast.