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

September 26, 2022 12:46:46 PM by Alex Zarevich
Forecast Details
PairEURAUD
Direction Buy
StatusClosed (1.4870)
12:35
12:35
Sep. 26, 2022

+125 p
1.4975
Target 2
+80 p
1.4930
Target 1
1.4850
Entry
-85 p
1.4765
Stop Loss
Chart & Analyst Comments
main-buy-market-trend-1
  1. The ratio of buyers and sellers is close to parity, it's time to think about price turning up.
  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. Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
  4. Set Take Profit at the local high, beyond which there is a cluster of orders.
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