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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 Time8/30/24 9:41 AM
Direction Buy
Status Closed (0.6780)
9:41
9:41
Aug. 30, 2024
Forecast
+25 p
0.6830
Target 1
0.6805
Entry
-25 p
0.6780
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. The MVP indicator shows the uptrend. We take this into account as one of the important factors in today's forecast.
  3. Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
  4. The risk-to-profit ratio allows us to set Take Profit for a Long trade at 0.683
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