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

June 27, 2019 7:05:53 AM by Alexander Zorevyk
Forecast Details
PairAUDUSD
Direction Buy
StatusClosed (0.7012)
7:03
7:03
Jun. 27, 2019

+40 p
0.7030
Target 1
0.6990
Entry
-40 p
0.6950
Stop Loss
Chart & Analyst Comments
AUDUSD - Upward trend will continue, Long trade by market price recommended
  1. Analyzing the current ratio of trader positions, we see a formed signal that confirms our idea of buy order(s) only.
  2. The Ratios indicator demonstrates a change in the ratio of players in the market towards buyers. Their increase while the trend is still going downwards may indicate the activity of averaging traders. This can only serve as "fuel" for further downtrend.
  3. We are focused on the breakdown of the previous resistance, the target at the level of 0.703.
  4. Stop loss is properly taken out of the sellers cluster. If the price passes it, it is very likely to go on.