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. Majority of traders are still holding onto Shorts. This means we should continue to Buy EURAUD.
  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. Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
  4. The price increase will be accompanied by the trigger of market crowd’s stop losses, which in turn will serve as a "fuel" for the upward movement.