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AUDUSD - Upward trend will continue, Long trade by market price recommended

Alex Zarevich on FXSSI Alex Zarevich Expert
main-buy-market-trend-1
Forecast Details
PairAUDUSD
Publication Time2/21/23 6:08 AM
Direction Buy
Status Closed (0.6920)
6:08
6:08
Feb. 21, 2023
Forecast
+65 p
0.6985
Target 1
0.6920
Entry
-65 p
0.6855
Stop Loss
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Chart & Analyst Comments

main-buy-market-trend-1
  1. The ratio of buyers and sellers is close to parity, it's time to think about price turning up.
  2. The Profit Ratio reversal indicator doesn't react on upward movement. This means that the movement is not fake.
  3. Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
  4. The rise in price will be accompanied by triggering of the market crowd’s Stop Losses, which in turn will serve as a “fuel” for the upward movement.
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