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

February 21, 2020 6:43:07 AM by Patrick Yang
Forecast Details
PairEURAUD
Direction Buy
StatusClosed (1.6265)
Start
End
Feb. 21, 2020
Feb. 28, 2020

+165 p
1.6430
Target 1
1.6265
Entry
-165 p
1.6100
Stop Loss
Chart & Analyst Comments
The market has stabilized, the first signs of an uptrend appeared
  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 Ratios indicator shows the change in the ratio of market players towards sellers. Their increase while the uptrend may indicate the activity of averaging traders. This can serve as "fuel" for further uptrend.
  4. These buyers' stop loss will most likely be triggered before the upward movement. From this level you should Buy. In our case, we have set a Buy Limit order.