AUDUSD - Downward trend will continue, Short trade by market price recommended

April 25, 2019 5:05:18 AM by Alexander Zorevyk
Forecast Details
PairAUDUSD
Direction Sell
StatusClosed (0.7021)
4:55
4:55
Apr. 25, 2019

-40 p
0.7055
Stop Loss
0.7015
Entry
+40 p
0.6975
Target 1
Chart & Analyst Comments
AUDUSD - Downward trend will continue, Short trade by market price recommended
  1. The Current Ratios indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
  2. When the price rises, a signal is formed (orange labels), which implies a downwards movement.
  3. The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
  4. We are setting the take profit of our Sell Order to the closest level with a large number of stop losses.