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

May 15, 2020 5:31:47 AM by Jacob Powell
Forecast Details
PairEURUSD
Direction Sell
StatusClosed (1.0810)
5:30
5:30
May 15, 2020

-65 p
1.0890
Stop Loss
1.0825
Entry
+65 p
1.0760
Target 1
+115 p
1.0710
Target 2
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
    index: 1x 0.96224904060364s
router: 1x 0.92780184745789s
t_/pages/forecast: 1x 0.031286001205444s
t_/common/header-new: 1x 0.019647836685181s
t_/common/head: 1x 0.016132831573486s
t_/common/footer-new: 1x 0.0025999546051025s
router_page: 1x 0.0018730163574219s
t_/popups/on-download: 1x 0.00050902366638184s
service-routes: 1x 0.00040912628173828s
router_redirection: 1x 0.00018787384033203s
t_/popups/zoom: 1x 4.8160552978516E-5s
----- END OF DUMP (2023-01-27 08:56:01)  -----