EN

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

Patrick Yang on FXSSI Patrick Yang Expert
main-sell-market-trend-1
Forecast Details
PairAUDUSD
Publication Time8/26/19 6:33 AM
Direction Sell
Status Closed (0.6735)
Aug. 26, 2019
Sep. 2, 2019
Forecast
-110 p
0.6845
Stop Loss
0.6735
Entry
+110 p
0.6625
Target 1
Related Links
How to use MT4/5 Indicators Tools
Recommended by FXSSI
XM Group
2009
Visit Website
Your capital is at risk. *T&Cs apply

Chart & Analyst Comments

main-sell-market-trend-1
  1. Majority of traders are still holding onto Longs. This means we should continue to Sell AUDUSD.
  2. We are seeing an increase in Buy positions by market crowd, who are replenishing an already large number of "locked up" losing Buy positions.
  3. MVP line is above the price and acts as a resistance level.
  4. In the left orderbook, we see a cluster of stop losses and stop orders right at the level of the previous bottom. This is a good level for placing take profit according to our forecast.
    index: 1x 0.035171985626221s
t_/pages/forecast: 1x 0.031938076019287s
t_/common/header-new: 1x 0.019595861434937s
t_/common/head: 1x 0.01640796661377s
t_/common/footer-new: 1x 0.00288987159729s
router_page: 1x 0.0013370513916016s
router: 1x 0.00088691711425781s
t_/popups/on-download: 1x 0.00069284439086914s
t_/common/cookie-banner: 1x 0.0003669261932373s
service-routes: 1x 0.00036287307739258s
t_/blocks/sidebar-afil: 1x 0.00016117095947266s
router_redirection: 1x 0.00014686584472656s
t_/popups/zoom: 1x 1.5020370483398E-5s
----- END OF DUMP (2024-12-26 10:46:12)  -----