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

April 21, 2021 7:34:42 AM by Alexander Zorevyk
Forecast Details
PairAUDUSD
Direction Sell
StatusClosed (0.7725)
7:33
7:33
Apr. 21, 2021

-75 p
0.7790
Stop Loss
0.7715
Entry
+80 p
0.7635
Target 1
Chart & Analyst Comments
AUDUSD - Downward trend will continue, Short trade by market price recommended
  1. The ratio of buyers and sellers is close to parity, it's time to think about price turning down.
  2. When the price rises, a signal is formed (orange labels), which implies a downwards movement.
  3. The increase in buyers is observed both in the downward movement and in the retracement movements. Retail traders still believe in the possibility of price increase.
  4. Here is the crucial stop loss level to serve as a goal for our Sell trade idea.