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

May 1, 2019 5:43:35 AM by Jacob Powell
Forecast Details
PairEURUSD
Direction Buy
StatusClosed (1.1245)
5:40
5:40
May 1, 2019

+30 p
1.1245
Target 1
1.1215
Entry
-34 p
1.1180
Stop Loss
Chart & Analyst Comments
EURUSD - Upward trend will continue, Long trade by market price recommended
  1. The ratio of buyers and sellers is close to parity, it's time to think about price turning up.
  2. The Ratios indicator demonstrates a change in the ratio of players in the market towards buyers. Their increase while the trend is still going downwards may indicate the activity of averaging traders. This can only serve as "fuel" for further downtrend.
  3. The Profit Ratio indicator doesn't react on upward movement. This means that the movement is not fake.
  4. We see a cluster of loss sellers below the current price. This cluster can act as a support.