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

Patrick Yang on FXSSI Patrick Yang Expert
main-buy-market-trend-1
Forecast Details
PairEURAUD
Publication Time11/22/19 11:22 AM
Direction Buy
Status Closed (1.6230)
Nov. 22, 2019
Nov. 29, 2019
Forecast
+110 p
1.6400
Target 1
1.6290
Entry
-110 p
1.6180
Stop Loss
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Chart & Analyst Comments

main-buy-market-trend-1
  1. The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
  2. The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
  3. MVP line is below the price and acts as a support level.
  4. 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.
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