EURAUD - Downward trend will continue, Short trade by market price recommended

February 18, 2020 8:35:40 PM by Alexander Zorevyk
Forecast Details
PairEURAUD
Direction Sell
StatusClosed (1.619)
20:32
20:32
Feb. 18, 2020

-60 p
1.6200
Stop Loss
1.6140
Entry
+60 p
1.6080
Target 1
Chart & Analyst Comments
EURAUD - Downward trend will continue, Short trade by market price recommended
  1. The ratio of buyers and sellers is close to parity, it's time to think about price turning down.
  2. The Profit Ratio reversal indicator doesn't react on downward movement. This means that the movement is not fake.
  3. Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
  4. We are focused on the breakdown of the previous bottom, the target at the level of 1.608.