AUDUSD - Upward trend will continue, Long trade by market price recommended
July 15, 2019 7:14:17 PM
Forecast Details
PairAUDUSD
Direction
Buy
StatusClosed (0.7035)
+140 p
0.7175
Target 1
0.7035
Entry
-135 p
0.6900
Stop Loss
About Author
Patrick Yang
Expert
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Chart & Analyst Comments
- The decrease in the buyers volume, together with the increase in the sellers volume, confirms the need to Buy, according to our trading idea.
- The Profit Ratio reversal indicator doesn't react on upward movement. This means that the movement is not fake.
- This cluster of orders acts as a support. For our forecast, stop loss is reasonable to set lower than this cluster.