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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
Publication 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
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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.
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