The market has stabilized, the first signs of an uptrend appeared

February 15, 2021 7:26:35 AM by Jacob Powell
Forecast Details
PairEURUSD
Direction Buy
StatusClosed (1.2135)
7:24
7:24
Feb. 15, 2021

+50 p
1.2170
Target 1
1.2120
Entry
-50 p
1.2070
Stop Loss
Chart & Analyst Comments
The market has stabilized, the first signs of an uptrend appeared
  1. The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
  2. The activity of "fresh" sellers in a downtrend may indicate that the market expects the recovery of the bear trend. However, according to our analysis, this movement is corrective and we expect the price to go up
  3. The number of profitable buyers has exceeded 75%. The uptrend is in its active phase. This confirms potential for a Long trade.
  4. MVP line is below the price and acts as a support level.
  5. Set Take Profit at the local high, beyond which there is a cluster of orders.