EURUSD - Upward trend will continue, Long trade with pending order recommended

April 11, 2019 9:15:00 AM by Jacob Powell
Forecast Details
PairEURUSD
Direction Buy
StatusClosed (1.1305)
6:16
6:00
Apr. 11, 2019

+19 p
1.1305
Target 1
1.1286
Entry
-20 p
1.1265
Stop Loss
Chart & Analyst Comments
EURUSD - Upward trend will continue, Long trade with pending order recommended

Today, we are trading from a strong support level under which most of the sell trades of the market crowd are likely located.

  1. According to the position ratio indicator, the market crowd favors a downward movement. We recommend buying.
  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 last upward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
  4. Take profit is set at the local price maximum.