AUDUSD - the pair is about to leave the flat range
February 21, 2019 8:41:14 AM
Forecast Details
PairAUDUSD
Direction
Sell
StatusClosed (0.7095)
-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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Total votes: 16
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Chart & Analyst Comments
- 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.
- 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.
- 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 in this a sign for further price decrease AUDUSD.
- Take profit is set at the local price minimum.