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

January 15, 2020 7:23:55 PM by Alexander Zorevyk
Forecast Details
PairEURAUD
Direction Buy
StatusClosed (1.6150)
19:22
19:22
Jan. 15, 2020
+50 p
1.6200
Target 1
1.6150
Entry
-50 p
1.6100
Stop Loss
Chart & Analyst Comments
main-buy-market-trend-1
  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. Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
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