- 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.
- In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
- When the price rises, a signal is formed (orange labels), which implies a downwards movement.
- Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
- Set Take Profit at the local low, beyond which there is a cluster of orders.
EURAUD - Downward trend will continue, Short trade by market price recommended
February 14, 2022 12:18:03 PM
Forecast Details
PairEURAUD
Direction
Sell
StatusClosed (1.5850)
-80 p
1.6010
Stop Loss
1.5930
Entry
+80 p
1.5850
Target 1
+110 p
1.5820
Target 2
Chart & Analyst Comments
