EURAUD - Downward trend will continue, Short trade by market price recommended
September 3, 2020 7:59:29 AM
Forecast Details
PairEURAUD
Direction
Sell
StatusClosed (1.624)
-85 p
1.6240
Stop Loss
1.6155
Entry
+80 p
1.6075
Target 1
About Author
Alexander Zorevyk
Expert
Related Links
Buy or Sell
More Pairs
Thanks for Voting!
Buy
Sell
Look like you are with the Crowd.
Fix it with Sentiment Strategy
Fix it with Sentiment Strategy
Congratulations! According to Sentiment Strategy you’ve made a right
decision.
You've already voted this pair. You can vote again later (when?) or try voting other
pair.
Total votes: 0
Buy or Sell
Chart & Analyst Comments
- The Current Ratio indicator, which is used for quick market sentiment analysis, provides Sell signal at the moment.
- When the price rises, a signal is formed (orange labels), which implies a downwards movement.
- MVP line is above the price and acts as a resistance level.
- Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
- The given Stop Losses of market participants are on the same level as the previous low, which will serve as the target for our trade.
