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

October 9, 2019 5:38:51 PM by Alexander Zorevyk
Forecast Details
PairEURAUD
Direction Buy
StatusClosed (1.637)
17:24
17:24
Oct. 9, 2019

+94 p
1.6400
Target 2
+64 p
1.6370
Target 1
1.6305
Entry
-55 p
1.6250
Stop Loss
Chart & Analyst Comments
EURAUD - Upward trend will continue, Long trade by market price recommended
  1. Since the CurrentRatio sentiment indicator informs us that the market crowd is selling, we should consider sticking to Buy Orders.
  2. The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
  3. MVP line is below the price and acts as a support level.
  4. These accumulation of retail traders stop losses coincide with the level of the previous high. This level will serve as the target for our trade.