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The market has stabilized, the first signs of a downtrend appeared

Jacob Powell on FXSSI Jacob Powell Expert
main-sell-trend-2
Forecast Details
PairEURUSD
Publish Time5/15/20 5:31 AM
Direction Sell
Status Closed (1.0810)
5:30
5:30
May 15, 2020
Forecast
-65 p
1.0890
Stop Loss
1.0825
Entry
+65 p
1.0760
Target 1
+115 p
1.0710
Target 2
Related Links
How to use MT4/5 Indicators Tools

Chart & Analyst Comments

main-sell-trend-2
  1. Majority of traders are still holding onto Longs. This means we should continue to Sell EURUSD.
  2. When the price rises, a signal is formed (orange labels), which implies a downwards movement.
  3. The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
  4. MVP line is above the price and acts as a resistance level.
  5. The first target is at the level of the previous bottom - 1.076, and the second one, in case of an active price decrease, is at the level - 1.071
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