AUDUSD - the pair is about to leave the range of flat

February 21, 2019 8:41:14 AM by Alexander Zorevyk
Forecast Details
PairAUDUSD
Direction Sell
StatusClosed (0.715)
6:16
6:00
Feb. 21, 2019

-50 p
0.7200
Stop Loss
0.7150
Entry
+55 p
0.7095
Target 1
+100 p
0.7050
Target 2
Chart & Analyst Comments
AUDUSD - the pair is about to leave the range of flat
  1. For a while now, the Current Ratio indicator provides an opportunity for Short trade. We are using this signal as a basis for today’s trading forecast.
  2. Analyzing the positions ratio, we see that most traders are currently in Longs, which also combined with the original idea.
  3. The last upward movement was characterized by a “surge” in retail buyers. This is a good reason to start thinking about short positions.
  4. Price broke through the MVP line and rushed down. We consider this a sign for further AUDUSD price decrease.
  5. Set Take profit at the local price minimum.