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

February 18, 2020 8:47:21 AM by Alexander Zorevyk
Forecast Details
PairAUDUSD
Direction Sell
StatusClosed (0.664)
8:43
8:43
Feb. 18, 2020

-45 p
0.6730
Stop Loss
0.6685
Entry
+45 p
0.6640
Target 1
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. The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
  3. The idea of ​​this Sell forecast is based on a long-term downtrend, which is confirmed by the MVP indicator dynamics.
  4. Here is the crucial stop loss level to serve as a goal for our Sell trade idea.