The market has stabilized, the first signs of an uptrend appeared

April 28, 2020 6:37:11 AM by Alexander Zorevyk
Forecast Details
PairAUDUSD
Direction Buy
StatusClosed (0.6415)
6:19
6:19
Apr. 28, 2020

+85 p
0.6500
Target 2
+60 p
0.6475
Target 1
0.6415
Entry
-65 p
0.6350
Stop Loss
Chart & Analyst Comments
The market has stabilized, the first signs of an uptrend appeared
  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. The dynamics of the Ratios indicator signals for Long opportunities. Pay attention to the area marked on the image.
  3. MVP line is below the price and acts as a support level.
  4. Here is the crucial stop loss level to serve as a goal for our Buy trade idea.