The market has stabilized, the first signs of a downtrend appeared

July 24, 2019 11:46:54 AM by Alexander Zorevyk
Forecast Details
PairAUDUSD
Direction Sell
StatusClosed (0.7)
11:45
11:45
Jul. 24, 2019

-55 p
0.7055
Stop Loss
0.7000
Entry
+60 p
0.6940
Target 1
Chart & Analyst Comments
The market has stabilized, the first signs of a downtrend appeared
  1. The Current Ratios indicator, which is used to quickly assess market sentiment, currently signals sell.
  2. The activity of "fresh" buyers in a downward movement may indicate that the market crowd still does not believe in a bearish trend.
  3. This cluster of orders acts as a resistance. For our forecast, stop loss is reasonable to move further than this cluster.