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EURAUD - Downward trend will continue, Short trade by market price recommended

February 14, 2022 12:18:03 PM by Alex Zarevich
Forecast Details
PairEURAUD
Direction Sell
StatusClosed (1.5850)
11:34
11:34
Feb. 14, 2022

-80 p
1.6010
Stop Loss
1.5930
Entry
+80 p
1.5850
Target 1
+110 p
1.5820
Target 2
Chart & Analyst Comments
main-sell-market-trend-1
  1. 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.
  2. In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
  3. When the price rises, a signal is formed (orange labels), which implies a downwards movement.
  4. Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
  5. Set Take Profit at the local low, beyond which there is a cluster of orders.
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