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

Jacob Powell on FXSSI Jacob Powell Expert
main-buy-market-trend-1
Forecast Details
PairEURUSD
Publication Time6/7/24 9:13 AM
Direction Buy
Status Closed (1.0865)
9:13
9:13
Jun. 7, 2024
Forecast
+25 p
1.0915
Target 1
1.0890
Entry
-25 p
1.0865
Stop Loss
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Chart & Analyst Comments

main-buy-market-trend-1
  1. According to the most brokers’ data, more than half of the traders are currently in short positions on EURUSD. As a result, we recommend considering only Long trades at this time.
  2. MVP line is below the price and acts as a support level.
  3. We are setting Stop Loss for our Buy trade at the level with the lowest amount of stop losses of other market participants.
  4. The risk-to-profit ratio allows us to set Take Profit for a Long trade at 1.0915
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