EURAUD - Upward trend will continue, Long trade by market price recommended
August 9, 2019 10:34:00 AM
Forecast Details
PairEURAUD
Direction
Buy
StatusClosed (1.633)
+300 p
1.6750
Target 2
+180 p
1.6630
Target 1
1.6450
Entry
-190 p
1.6260
Stop Loss
About Author
Patrick Yang
Expert
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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.
- Downward price movement is accompanied by reversal signals of Profit Ratio indicator.
- The activity of "fresh" sellers in a downtrend may indicate that the market expects the recovery of the bear trend. However, according to our analysis, this movement is corrective and we expect the price to go up
- Here is the crucial stop loss level to serve as a goal for our Buy trade idea.