Help Ukraine! Today, Ukraine Is Fighting for Freedom and the Future of Democracy in Europe. Help Ukraine! Donate Verified Charity

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

December 11, 2019 7:57:21 AM by Jacob Powell
Forecast Details
Direction Buy
StatusClosed (1.1140)
Dec. 11, 2019

+55 p
Target 1
-50 p
Stop Loss
Chart & Analyst Comments
  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.
    index: 1x 0.034367084503174s
t_/pages/forecast: 1x 0.03110408782959s
t_/common/header-new: 1x 0.020144939422607s
t_/common/head: 1x 0.016427040100098s
t_/common/footer-new: 1x 0.0024881362915039s
router_page: 1x 0.0017850399017334s
router: 1x 0.00084614753723145s
t_/popups/on-download: 1x 0.00050878524780273s
service-routes: 1x 0.00036215782165527s
router_redirection: 1x 0.00014710426330566s
t_/popups/zoom: 1x 1.3113021850586E-5s
----- END OF DUMP (2022-10-05 05:57:10)  -----