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

August 5, 2019 12:26:53 PM by Patrick Yang
Forecast Details
PairAUDUSD
Direction Sell
StatusClosed (0.6745)
Start
End
Aug. 5, 2019
Aug. 12, 2019

-114 p
0.6880
Stop Loss
0.6765
Entry
+120 p
0.6645
Target 1
Chart & Analyst Comments
AUDUSD - Downward trend will continue, Short trade by market price recommended
  1. The Current Ratios indicator have reached critical value, too many traders expect an upward movement. In this case, we recommend selling only.
  2. The dynamics of the Ratios indicator signals possible sells. Pay attention to the area marked on the image.
  3. The activity of "fresh" buyers in a downward movement may indicate that the market crowd still does not believe in a bearish trend.
  4. MVP line is above the price and acts as a resistance level.
  5. Stop loss is properly taken out of the buyers cluster. If the price passes it, it is very likely to go on.