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

Patrick Yang on FXSSI Patrick Yang Expert
main-buy-market-trend-1
Forecast Details
PairAUDUSD
Publication Time7/15/19 7:14 PM
Direction Buy
Status Closed (0.7035)
Jul. 15, 2019
Jul. 22, 2019
Forecast
+140 p
0.7175
Target 1
0.7035
Entry
-135 p
0.6900
Stop Loss
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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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