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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
PairEURAUD
Direction Buy
StatusClosed (1.7150)
Start
End
Mar. 6, 2020
Mar. 13, 2020

+160 p
1.7150
Target 1
1.6990
Entry
-140 p
1.6850
Stop Loss
Chart & Analyst Comments
main-buy-market-trend-1
  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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