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

July 24, 2019 6:18:10 AM by Alexander Zorevyk
Forecast Details
PairEURAUD
Direction Buy
StatusClosed (1.598)
6:15
6:15
Jul. 24, 2019

+75 p
1.6040
Target 1
1.5965
Entry
-75 p
1.5890
Stop Loss
Chart & Analyst Comments
EURAUD - Upward trend will continue, Long trade by market price recommended
  1. Most traders are still bearish, which indicates the need for us to continue to go buying EURAUD.
  2. There is a majority of sell positions in the present sideways movement. We suspect an interest of a major player in moving the price upwards.
  3. Stop loss is properly taken out of the sellers cluster. If the price passes it, it is very likely to go on.
  4. The price increase will be accompanied by the trigger of market crowd’s stop losses. This will serve as a "fuel" for the upward movement.