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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
main-sell-market-trend-1
  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.
    index: 1x 0.034361839294434s
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t_/common/header-new: 1x 0.019984006881714s
t_/common/head: 1x 0.016316175460815s
t_/common/footer-new: 1x 0.0026788711547852s
router_page: 1x 0.0016219615936279s
router: 1x 0.00077009201049805s
t_/popups/on-download: 1x 0.00056004524230957s
service-routes: 1x 0.00029516220092773s
router_redirection: 1x 0.00014495849609375s
t_/popups/zoom: 1x 3.3855438232422E-5s
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