EURAUD - Downward trend will continue, Short trade by market price recommended
May 11, 2021 7:22:53 AM
Forecast Details
PairEURAUD
Direction
Sell
StatusClosed (1.558)
-85 p
1.5580
Stop Loss
1.5495
Entry
+85 p
1.5410
Target 1
+115 p
1.5380
Target 2
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: 1
Buy or Sell
Chart & Analyst Comments
- According to the most brokers’ data, more than half of the traders are currently in long positions on EURAUD. As a result, we recommend considering only Short trades at this time.
- The last upward movement was characterized by a “surge” in retail buyers. This is a good reason to start thinking about short positions.
- The Delta of the Profit Ratio indicator exceeds the threshold value of 2%. A decrease of EURAUD price is expected.
- MVP line is above the price and acts as a resistance level.
- In the left orderbook, we see a cluster of stop losses and stop orders right at the level of the previous bottom. This is a good level for placing take profit according to our forecast.
