AUDUSD - Upward trend will continue, Long trade by market price recommended

July 15, 2019 7:14:17 PM by Patrick Yang
Forecast Details
PairAUDUSD
Direction Buy
StatusClosed (0.7035)
Start
End
Jul. 15, 2019
Jul. 22, 2019

+140 p
0.7175
Target 1
0.7035
Entry
-135 p
0.6900
Stop Loss
Chart & Analyst Comments
main-buy-market-trend-1
  1. The decrease in the buyers volume, together with the increase in the sellers volume, confirms the need to Buy, according to our trading idea.
  2. The Profit Ratio reversal indicator doesn't react on upward movement. This means that the movement is not fake.
  3. This cluster of orders acts as a support. For our forecast, stop loss is reasonable to set lower than this cluster.
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