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

September 25, 2020 6:16:19 AM by Alex Zarevich
Forecast Details
PairEURAUD
Direction Buy
StatusClosed (1.6455)
6:14
6:14
Sep. 25, 2020

+95 p
1.6620
Target 2
+65 p
1.6590
Target 1
1.6525
Entry
-70 p
1.6455
Stop Loss
Chart & Analyst Comments
main-buy-market-trend-1
  1. According to the most brokers’ data, more than half of the traders are currently in short positions on EURAUD. As a result, we recommend considering only Long trades at this time.
  2. The last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
  3. MVP line is below the price and acts as a support level.
  4. The trade is aimed at the previous high breakout. The SLC indicator signals us to set our target at the level where most Stop Losses are placed - 1.659
  5. Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
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