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

August 9, 2019 10:34:00 AM by Patrick Yang
Forecast Details
PairEURAUD
Direction Buy
StatusClosed (1.633)
Start
End
Aug. 9, 2019
Aug. 16, 2019

+300 p
1.6750
Target 2
+180 p
1.6630
Target 1
1.6450
Entry
-190 p
1.6260
Stop Loss
Chart & Analyst Comments
EURAUD - Upward trend will continue, Long trade by market price recommended
  1. 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.
  2. Downward price movement is accompanied by reversal signals for Profit Ratio.
  3. 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.
  4. Here is the crucial stop loss level to serve as a goal for our trading idea.