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

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

-50 p
Stop Loss
+50 p
Target 1
+75 p
Target 2
Chart & Analyst Comments
  1. Analyzing the market sentiment with Current Ratio 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.
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