- The ratio of buyers and sellers is close to parity, it's time to think about price turning up.
- The last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
- Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
- Set Take Profit at the local high, beyond which there is a cluster of orders.
EURAUD - Upward trend will continue, Long trade by market price recommended
September 26, 2022 12:46:46 PM
Forecast Details
PairEURAUD
Direction
Buy
StatusClosed (1.4870)
+125 p
1.4975
Target 2
+80 p
1.4930
Target 1
1.4850
Entry
-85 p
1.4765
Stop Loss
Chart & Analyst Comments
