Black Friday Deal Black Friday Offer: Get a Lifetime Plan With 70% Discount! See Pricing Only till NOV, 28

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

August 13, 2020 5:33:53 AM by Jacob Powell
Forecast Details
Direction Buy
StatusClosed (1.1820)
Aug. 13, 2020

+110 p
Target 2
+80 p
Target 1
-90 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 last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
  3. MVP line is below the price and acts as a support level.
  4. Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
  5. The trade is aimed at the previous high breakout. The SLC indicator signals us to set our target at the level where most Stop Losses are placed - 1.1885
    index: 1x 0.037968158721924s
t_/pages/forecast: 1x 0.034295797348022s
t_/common/header-new: 1x 0.022716999053955s
t_/common/head: 1x 0.018789052963257s
t_/common/footer-new: 1x 0.0024700164794922s
router_page: 1x 0.0017130374908447s
router: 1x 0.00075697898864746s
t_/popups/on-download: 1x 0.0005028247833252s
service-routes: 1x 0.00031614303588867s
router_redirection: 1x 0.00015521049499512s
t_/popups/zoom: 1x 1.4066696166992E-5s
----- END OF DUMP (2022-11-26 19:56:11)  -----