EURAUD - Upward trend will continue, Long trade by market price recommended
March 6, 2020 6:26:30 AM
Forecast Details
PairEURAUD
Direction
Buy
StatusClosed (1.715)
+160 p
1.7150
Target 1
1.6990
Entry
-140 p
1.6850
Stop Loss
About Author
Patrick Yang
Expert
Related Links
Buy or Sell
More Pairs
Thanks for Voting!
Buy
Sell
Look like you are with the Crowd.
Fix it with Sentiment Strategy
Fix it with Sentiment Strategy
Congratulations! According to Sentiment Strategy you’ve made a right
decision.
You've already voted this pair. You can vote again later (when?) or try voting other
pair.
Total votes: 0
Buy or Sell
Chart & Analyst Comments
- The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
- In this sideways movement, retail traders prefer to hold short trades. There seem to be a major player interest in an upward movement.
- The dynamics of the Ratios indicator signals for Long opportunities. Pay attention to the area marked on the image.
- Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
- 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.