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

Alex Zarevich on FXSSI Alex Zarevich Expert
main-sell-market-trend-1
Forecast Details
PairAUDUSD
Publication Time10/25/24 7:40 AM
Direction Sell
Status Closed (0.6600)
7:40
7:40
Oct. 25, 2024
Forecast
-55 p
0.6680
Stop Loss
0.6625
Entry
+55 p
0.6570
Target 1
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Chart & Analyst Comments

main-sell-market-trend-1
  1. According to the most brokers’ data, more than half of the traders are currently in long positions on AUDUSD. As a result, we recommend considering only Short trades at this time.
  2. The MVP indicator shows the downtrend. We take this into account as one of the important factors in today's forecast.
  3. Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
  4. The risk/reward ratio allows you to set Take Profit at the same level where the SLC indicator signals that there are Stop orders - 0.657
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