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

January 31, 2020 7:37:29 AM by Patrick Yang
Forecast Details
PairEURAUD
Direction Buy
StatusClosed (1.6535)
Start
End
Jan. 31, 2020
Feb. 7, 2020
+125 p
1.6535
Target 1
1.6410
Entry
-120 p
1.6290
Stop Loss
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. The idea of ​​this Buy forecast is based on a long-term upntrend, which is confirmed by the MVP indicator dynamics.
  4. Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
  5. The risk-to-profit ratio allows us to set Take Profit for a Long trade at 1.6535
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