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
-7035 p
0.0000
Stop Loss
Chart & Analyst Comments
AUDUSD - Upward trend will continue, Long trade by market price recommended
  1. The decrease in the volume of buyers, together with the increase in the volume of sellers, confirms the need to buy, according to our trading idea.
  2. The Profit Ratio 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 move further than this cluster.