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

February 24, 2020 6:06:03 PM by Patrick Yang
Forecast Details
PairAUDUSD
Direction Sell
StatusClosed (0.6500)
Start
End
Feb. 24, 2020
Mar. 2, 2020

-115 p
0.6730
Stop Loss
0.6615
Entry
+115 p
0.6500
Target 1
Chart & Analyst Comments
main-sell-market-trend-1
  1. The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
  2. The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
  3. MVP line is above the price and acts as a resistance level.
  4. Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
    index: 1x 0.03544807434082s
t_/pages/forecast: 1x 0.031894207000732s
t_/common/header-new: 1x 0.020745038986206s
t_/common/head: 1x 0.016778945922852s
t_/common/footer-new: 1x 0.0026140213012695s
router_page: 1x 0.0016570091247559s
router: 1x 0.00075411796569824s
t_/popups/on-download: 1x 0.00053000450134277s
service-routes: 1x 0.00031208992004395s
router_redirection: 1x 0.00014519691467285s
t_/popups/zoom: 1x 3.504753112793E-5s
----- END OF DUMP (2023-01-27 08:53:01)  -----