EURAUD - Upward trend will continue, Long trade by market price recommended
January 15, 2020 7:23:55 PM
Forecast Details
PairEURAUD
Direction
Buy
StatusClosed (1.615)
+50 p
1.6200
Target 1
1.6150
Entry
-49 p
1.6100
Stop Loss
About Author
Alexander Zorevyk
Expert
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Chart & Analyst Comments
- Since the CurrentRatio sentiment indicator informs us that the market crowd is selling, we should consider sticking to Buy Orders.
- The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
- Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.