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 market sentiment with Current Ratio indicator, we see a formed signal that confirms our idea of Sell Order.
  2. Analyzing the positions ratio, we see that most traders are currently in Longs, which also combined with the original idea.
  3. A significant cluster of buyers is above the current price, this is evidenced by a sharp increase in Profit Ratio every time the 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 Sell trade idea.