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

December 11, 2019 7:57:21 AM by Jacob Powell
Forecast Details
PairEURUSD
Direction Buy
StatusClosed (1.114)
7:56
7:56
Dec. 11, 2019

+55 p
1.1140
Target 1
1.1085
Entry
-50 p
1.1035
Stop Loss
Chart & Analyst Comments
EURUSD - Upward trend will continue, Long trade by market price recommended
  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. The Ratios indicator shows the change in the ratio of market players towards sellers. Their increase while the uptrend may indicate the activity of averaging traders. This can serve as "fuel" for further uptrend.
  3. Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
  4. Here is the crucial stop loss level to serve as a goal for our Buy trade idea.