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

September 26, 2019 4:45:52 AM by Alexander Zorevyk
Forecast Details
PairAUDUSD
Direction Sell
StatusClosed (0.676)
4:42
4:42
Sep. 26, 2019

-40 p
0.6800
Stop Loss
0.6760
Entry
+45 p
0.6715
Target 1
Chart & Analyst Comments
AUDUSD - Downward trend will continue, Short trade by market price recommended
  1. The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
  2. The dynamics of the Ratios indicator signals for Short opportunities. Pay attention to the area marked on the image.
  3. The idea of ​​this Sell forecast is based on a long-term downtrend, which is confirmed by the MVP indicator dynamics.
  4. In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.