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

February 28, 2019 8:58:59 AM by Alexander Zorevyk
Forecast Details
PairAUDUSD
Direction Sell
StatusClosed (0.7088)
6:18
6:00
Feb. 28, 2019

-45 p
0.7185
Stop Loss
0.7140
Entry
+44 p
0.7095
Target 1
+74 p
0.7065
Target 2
Chart & Analyst Comments
AUDUSD - Downward trend will continue, Short trade by market price recommended
  1. Analyzing the ratio of the trader positions, we see a formed signal that confirms our sell forecast.
  2. Analyzing the ratio of positions, we see that the majority of traders at the moment are in purchases, which is also combined with the original idea.
  3. A significant crowd of buyers is above the current price, this is evidenced by a sharp increase in Profit Ratio every time price rises. Upward movement is difficult, correction is possible.
  4. MVP line is above the price and acts as a resistance level.
  5. Here is the crucial stop loss level to serve as a goal for our trading idea.