The market has stabilized, the first signs of an uptrend appeared

May 20, 2020 9:22:29 AM by Alex Zarevich
Forecast Details
PairAUDUSD
Direction Buy
StatusClosed (0.6500)
9:20
9:20
May 20, 2020

+80 p
0.6580
Target 2
+55 p
0.6555
Target 1
0.6500
Entry
-60 p
0.6440
Stop Loss
Chart & Analyst Comments
main-buy-trend-2
  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. When the price decreases, a signal is formed (orange labels), which implies an upward movement.
  3. The increase in sellers is observed both in the upward movement and in the retracement movements. Retail traders still believe in the possibility of price decrease.
  4. We see an accumulation of loss sellers below the current price in the right Order Book. This cluster can act as a support.
  5. The given Stop Losses of market participants are on the same level as the previous high, which will serve as the target for our trade.
    index: 1x 0.035034894943237s
t_/pages/forecast: 1x 0.030426979064941s
t_/common/header-new: 1x 0.018975973129272s
t_/common/head: 1x 0.015926837921143s
t_/common/footer-new: 1x 0.0024709701538086s
router_page: 1x 0.0016372203826904s
router: 1x 0.0007481575012207s
t_/popups/on-download: 1x 0.00049686431884766s
service-routes: 1x 0.00030994415283203s
router_redirection: 1x 0.00013589859008789s
t_/popups/zoom: 1x 1.3113021850586E-5s
----- END OF DUMP (2022-12-09 11:39:12)  -----