AUDUSD - Upward trend will continue, Long trade by market price recommended
October 22, 2019 2:00:56 PM
Forecast Details
PairAUDUSD
Direction
Buy
StatusClosed (0.683)
+55 p
0.6915
Target 1
0.6860
Entry
-60 p
0.6800
Stop Loss
About Author
Alexander Zorevyk
Expert
Related Links
Buy or Sell
More Pairs
Thanks for Voting!
Buy
Sell
Look like you are with the Crowd.
Fix it with Sentiment Strategy
Fix it with Sentiment Strategy
Congratulations! According to Sentiment Strategy you’ve made a right
decision.
You've already voted this pair. You can vote again later (when?) or try voting other
pair.
Total votes: 9
Buy or Sell
Chart & Analyst Comments
- The last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
- We see a sharp increase in sell orders as indicated by a number of brokers, which may indicate an interest of a big market player. We are expecting an upward movement.
- Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
- The price increase will be accompanied by the trigger of market crowd’s stop losses, which in turn will serve as a "fuel" for the upward movement.
