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

September 25, 2020 6:16:19 AM by Alexander Zorevyk
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
EURAUD - Upward trend will continue, Long trade by market price recommended
  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.