AUDUSD - Downward trend will continue, Short trade by market price recommended
September 9, 2019 1:41:57 PM
Forecast Details
PairAUDUSD
Direction
Sell
StatusClosed (0.6865)
-124 p
0.6990
Stop Loss
0.6865
Entry
+130 p
0.6735
Target 1
About Author
Patrick Yang
Expert
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Chart & Analyst Comments
- Analyzing the market sentiment with Current Ratio indicator, we see a formed signal that confirms our idea of Sell Order.
- The last upward movement was characterized by a “surge” in retail buyers. This is a good reason to start thinking about short positions.
- We are setting the take profit of our Sell Order to the closest level with a large number of stop losses.