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

May 15, 2019 12:24:49 PM by Alexander Zorevyk
Forecast Details
PairEURAUD
Direction Buy
StatusClosed (1.6195)
11:57
11:57
May 15, 2019

+64 p
1.6265
Target 1
1.6200
Entry
-70 p
1.6130
Stop Loss
Chart & Analyst Comments
EURAUD - Upward trend will continue, Long trade by market price recommended
  1. The Current Ratios indicator have reached critical value, too many traders expect a downward movement. In this case, we recommend standing aside with short trades. Long trades only.
  2. The activity of "fresh" sellers in an uptrend may indicate that the market crowd still does not believe in a bullish trend.
  3. We see a cluster of stop losses and stop orders right at the level of the previous peak. This is a good level for placing our take profit according to our forecast.