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AUDUSD - Upward trend will continue, Long trade by market price recommended

Alex Zarevich on FXSSI Alex Zarevich Expert
main-buy-market-trend-1
Forecast Details
PairAUDUSD
Publication Time8/27/24 7:45 AM
Direction Buy
Status Closed (0.6795)
7:45
7:45
Aug. 27, 2024
Forecast
+40 p
0.6815
Target 1
0.6775
Entry
-35 p
0.6740
Stop Loss
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Chart & Analyst Comments

main-buy-market-trend-1
  1. According to the most brokers’ data, more than half of the traders are currently in short positions on AUDUSD. As a result, we recommend considering only Long trades at this time.
  2. MVP line is below the price and acts as a support level.
  3. Set Take Profit at the local high, beyond which there is a cluster of orders.
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