EN

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

Alex Zarevich on FXSSI Alex Zarevich Expert
main-sell-market-trend-1
Forecast Details
PairEURAUD
Publish Time11/3/20 6:17 AM
Direction Sell
Status Closed (1.6450)
6:16
6:16
Nov. 3, 2020
Forecast
-85 p
1.6635
Stop Loss
1.6550
Entry
+70 p
1.6480
Target 1
+100 p
1.6450
Target 2
Related Links
How to use MT4/5 Indicators Tools

Chart & Analyst Comments

main-sell-market-trend-1
  1. Since the CurrentRatio sentiment indicator informs us that the market crowd is buying, we should consider sticking to Sell Orders.
  2. When the price rises, a signal is formed (orange labels), which implies a downwards movement.
  3. Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
  4. The drop in price will be accompanied by triggering of the market crowd’s Stop Losses, which in turn will serve as a “fuel” for the downward movement.
    index: 1x 0.035700082778931s
t_/pages/forecast: 1x 0.032860994338989s
t_/common/header-new: 1x 0.020159959793091s
t_/common/head: 1x 0.016912937164307s
t_/common/footer-new: 1x 0.0026631355285645s
router_page: 1x 0.0012891292572021s
router: 1x 0.00065898895263672s
t_/popups/on-download: 1x 0.00058293342590332s
service-routes: 1x 0.00030899047851562s
router_redirection: 1x 0.00016903877258301s
t_/common/cookie-banner: 1x 2.1934509277344E-5s
t_/popups/zoom: 1x 1.4781951904297E-5s
----- END OF DUMP (2023-10-05 02:17:10)  -----