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

September 9, 2019 1:41:57 PM by Patrick Yang
Forecast Details
PairAUDUSD
Direction Sell
StatusClosed (0.6865)
Start
End
Sep. 9, 2019
Sep. 16, 2019

-125 p
0.6990
Stop Loss
0.6865
Entry
+130 p
0.6735
Target 1
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. The last upward movement was characterized by a “surge” in retail buyers. This is a good reason to start thinking about short positions.
  3. We are setting the take profit of our Sell Order to the closest level with a large number of stop losses.