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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Total votes: 4
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Chart & Analyst Comments
- The Current Ratios indicator have reached critical value, too many traders expect a downward movement. In this case, we recommend standing aside with short trades. Long trades only.
- Downward price movement is accompanied by reversal signals for Profit Ratio.
- The activity of "fresh" sellers in a downward movement may indicate that the market expects a bearish trend to continue. However, according to our analysis, this movement is corrective and we expect a price hike to the top.
- Here is the crucial stop loss level to serve as a goal for our trading idea.