The market has stabilized, the first signs of an uptrend appeared
February 15, 2021 7:26:35 AM
Forecast Details
PairEURUSD
Direction
Buy
StatusClosed (1.2135)
+50 p
1.2170
Target 1
1.2120
Entry
-50 p
1.2070
Stop Loss
About Author
Jacob Powell
Expert
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Total votes: 88
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Chart & Analyst Comments
- The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
- 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
- The number of profitable buyers has exceeded 75%. The uptrend is in its active phase. This confirms potential for a Long trade.
- MVP line is below the price and acts as a support level.
- Set Take Profit at the local high, beyond which there is a cluster of orders.
