The market has stabilized, the first signs of an uptrend appeared

November 20, 2019 8:46:13 AM by Alexander Zorevyk
Forecast Details
PairEURAUD
Direction Buy
StatusClosed (1.629)
8:42
8:42
Nov. 20, 2019

+60 p
1.6350
Target 1
1.6290
Entry
-55 p
1.6235
Stop Loss
Chart & Analyst Comments
The market has stabilized, the first signs of an uptrend appeared
  1. The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
  2. In this sideways movement, retail traders prefer to hold short trades. There seem to be a major player interest in an upward movement.
  3. MVP line is below the price and acts as a support level.
  4. Here is the crucial stop loss level to serve as a goal for our Buy trade idea.