AUDUSD - the pair is about to leave the flat range

February 21, 2019 8:41:14 AM by Alexander Zorevyk
Forecast Details
PairAUDUSD
Direction Sell
StatusClosed (0.7095)
6:16
6:00
Feb. 21, 2019

-50 p
0.7200
Stop Loss
0.7150
Entry
+54 p
0.7095
Target 1
+100 p
0.7050
Target 2
Chart & Analyst Comments
AUDUSD - the pair is about to leave the flat range
  1. For a while now, the Current Ratios indicator has been signalling sell opportunities. Today we are using this signal as the basis for our trading forecast.
  2. Analyzing the ratio of positions, we see that the majority of traders at the moment are in purchases, which is 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 in this a sign for further price decrease AUDUSD.
  5. Take profit is set at the local price minimum.