EURAUD - Upward trend will continue, Long trade by market price recommended
November 22, 2019 11:22:27 AM
Forecast Details
PairEURAUD
Direction
Buy
StatusClosed (1.623)
+109 p
1.6400
Target 1
1.6290
Entry
-109 p
1.6180
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.
- The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
- MVP line is below the price and acts as a support level.
- These accumulation of retail traders stop losses coincide with the level of the previous high. This level will serve as the target for our trade.