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

January 14, 2020 7:35:19 AM by Alexander Zorevyk
Forecast Details
PairEURAUD
Direction Buy
StatusClosed (1.614)
7:33
7:33
Jan. 14, 2020

+84 p
1.6225
Target 2
+60 p
1.6200
Target 1
1.6140
Entry
-60 p
1.6080
Stop Loss
Chart & Analyst Comments
EURAUD - Upward trend will continue, Long trade by market price recommended
  1. Majority of traders are still holding onto Shorts. This means we should continue to Buy EURAUD.
  2. 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.
  3. Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
  4. Here is the crucial stop loss level to serve as a goal for our Buy trade idea.