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The market has stabilized, the first signs of an uptrend appeared

October 11, 2019 7:52:09 AM by Patrick Yang
Forecast Details
Direction Buy
StatusClosed (1.6350)
Oct. 11, 2019
Oct. 18, 2019

+200 p
Target 2
+150 p
Target 1
-150 p
Stop Loss
Chart & Analyst Comments
  1. According to the most brokers’ data, more than half of the traders are currently in short positions on EURAUD. As a result, we recommend considering only Long trades at this time.
  2. The last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
  3. The present level of MVP, which is below the current price, favors Buy Orders.
  4. 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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