EURAUD - Upward trend will continue, Long trade by market price recommended

August 7, 2019 11:11:55 AM by Alexander Zorevyk
Forecast Details
PairEURAUD
Direction Buy
StatusClosed (1.668)
11:02
11:02
Aug. 7, 2019

+69 p
1.6680
Target 1
1.6610
Entry
-80 p
1.6530
Stop Loss
Chart & Analyst Comments
EURAUD - Upward trend will continue, Long trade by market price recommended
  1. The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
  2. When the price decreases, a signal is formed (orange labels), which implies an upward movement.
  3. The increase in sellers is observed both in the upward movement and in the retracement movements. Retail traders still believe in the possibility of price decrease.
  4. Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.