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

March 6, 2020 6:26:30 AM by Patrick Yang
Forecast Details
Direction Buy
StatusClosed (1.7150)
Mar. 6, 2020
Mar. 13, 2020

+160 p
Target 1
-140 p
Stop Loss
Chart & Analyst Comments
  1. The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
  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. The dynamics of the Ratios indicator signals for Long opportunities. Pay attention to the area marked on the image.
  4. Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
  5. 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.
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