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 critical value, too many traders expect an upward movement. In this case, we recommend selling only.
  2. When the price rises, a signal is formed (orange labels), which implies a downwards movement.
  3. The activity of "fresh" buyers in a 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 order to the closest level with a large number of stop orders.