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

November 22, 2019 11:22:27 AM by Patrick Yang
Forecast Details
PairEURAUD
Direction Buy
StatusClosed (1.623)
Start
End
Nov. 22, 2019
Nov. 29, 2019

+109 p
1.6400
Target 1
1.6290
Entry
-109 p
1.6180
Stop Loss
Chart & Analyst Comments
EURAUD - Upward trend will continue, Long trade by market price recommended
  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.