AUDUSD - the pair is about to leave the range of flat
February 21, 2019 8:41:14 AM
Forecast Details
PairAUDUSD
Direction
Sell
StatusClosed (0.715)
-50 p
0.7200
Stop Loss
0.7150
Entry
+54 p
0.7095
Target 1
+100 p
0.7050
Target 2
About Author
Alexander Zorevyk
Expert
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Chart & Analyst Comments
- For a while now, the Current Ratios indicator provides an opportunity for Short trade. We are using this signal as a basis for today’s trading forecast.
- Analyzing the positions ratio, we see that most traders are currently in Longs, which also combined with the original idea.
- The last upward movement was characterized by a “surge” in retail buyers. This is a good reason to start thinking about short positions.
- Price broke through the MVP line and rushed down. We consider this a sign for further AUDUSD price decrease.
- Set Take profit at the local price minimum.