EURAUD - Upward trend will continue, Long trade by market price recommended
January 31, 2020 7:37:29 AM
Forecast Details
PairEURAUD
Direction
Buy
StatusClosed (1.6535)
+125 p
1.6535
Target 1
1.6410
Entry
-120 p
1.6290
Stop Loss
About Author
Patrick Yang
Expert
Related Links
Buy or Sell
More Pairs
Thanks for Voting!
Buy
Sell
Look like you are with the Crowd.
Fix it with Sentiment Strategy
Fix it with Sentiment Strategy
Congratulations! According to Sentiment Strategy you’ve made a right
decision.
You've already voted this pair. You can vote again later (when?) or try voting other
pair.
Total votes: 0
Buy or Sell
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.
- The idea of this Buy forecast is based on a long-term upntrend, which is confirmed by the MVP indicator dynamics.
- Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
- The risk-to-profit ratio allows us to set Take Profit for a Long trade at 1.6535
