- 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.
- The dynamics of the Ratios indicator signals for Short opportunities. Pay attention to the area marked on the image.
- The last upward movement was characterized by a “surge” in retail buyers. This is a good reason to start thinking about short positions.
- Here we see an accumulation of buyers "locked" with a loss positions. We consider this zone as a resistance.
- The SLC indicator displays the levels where there are Stop Losses acting as targets for our trading idea.
Chart & Analyst Comments
