Help Ukraine! Today, Ukraine Is Fighting for Freedom and the Future of Democracy in Europe. Help Ukraine! Donate Verified Charity

The market has stabilized, the first signs of a downtrend appeared

June 3, 2019 6:10:15 PM by Patrick Yang
Forecast Details
PairAUDUSD
Direction Sell
StatusClosed (0.6955)
Start
End
Jun. 3, 2019
Jun. 10, 2019

-90 p
0.7080
Stop Loss
0.6990
Entry
+110 p
0.6880
Target 1
+165 p
0.6825
Target 2
Chart & Analyst Comments
main-sell-trend-2
  1. The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
  2. The last upward movement was characterized by a “surge” in retail buyers. This is a good reason to start thinking about short positions.
  3. Upward price movement is accompanied by reversal signals of Profit Ratio indicator.
  4. In the left orderbook, we see a cluster of stop losses and stop orders right at the level of the previous bottom. This is a good level for placing take profit according to our forecast.
    index: 1x 0.039060115814209s
t_/pages/forecast: 1x 0.034882783889771s
t_/common/header-new: 1x 0.023071050643921s
t_/common/head: 1x 0.019263029098511s
t_/common/footer-new: 1x 0.002701997756958s
router_page: 1x 0.0024430751800537s
router: 1x 0.0011279582977295s
t_/popups/on-download: 1x 0.00052785873413086s
service-routes: 1x 0.00045394897460938s
router_redirection: 1x 0.00014281272888184s
t_/popups/zoom: 1x 4.9114227294922E-5s
----- END OF DUMP (2022-07-06 15:38:07)  -----