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

Patrick Yang on FXSSI Patrick Yang Expert
main-sell-market-trend-1
Forecast Details
PairAUDUSD
Publication Time9/9/19 1:41 PM
Direction Sell
Status Closed (0.6865)
Sep. 9, 2019
Sep. 16, 2019
Forecast
-125 p
0.6990
Stop Loss
0.6865
Entry
+130 p
0.6735
Target 1
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Chart & Analyst Comments

main-sell-market-trend-1
  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.
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