The market has stabilized, the first signs of an uptrend appeared

September 5, 2019 6:01:52 PM by Alexander Zorevyk
Forecast Details
PairEURAUD
Direction Buy
StatusClosed (1.6235)
18:00
18:00
Sep. 5, 2019

+115 p
1.6350
Target 2
+64 p
1.6300
Target 1
1.6235
Entry
-69 p
1.6165
Stop Loss
Chart & Analyst Comments
The market has stabilized, the first signs of an uptrend appeared
  1. Majority of traders are still holding onto Shorts. This means we should continue to Buy EURAUD.
  2. In this sideways movement, retail traders prefer to hold short trades. There seem to be a major player interest in an upward movement.
  3. We see two clusters of stop losses above the price on which we set our first and second targets according to our forecast.