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AUDUSD - Upward trend will continue, Long trade by market price recommended

Alex Zarevich on FXSSI Alex Zarevich Expert
main-buy-market-trend-1
Forecast Details
PairAUDUSD
Publication Time6/20/24 7:45 AM
Direction Buy
Status Closed (0.6645)
7:45
7:45
Jun. 20, 2024
Forecast
+30 p
0.6700
Target 1
0.6670
Entry
-25 p
0.6645
Stop Loss
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Chart & Analyst Comments

main-buy-market-trend-1
  1. According to the most brokers’ data, more than half of the traders are currently in short positions on AUDUSD. As a result, we recommend considering only Long trades at this time.
  2. The Profit Ratio reversal indicator doesn't react on upward movement. This means that the movement is not fake.
  3. Price broke through the MVP line and rushed up. We consider this a sign for further AUDUSD price increase.
  4. Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
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