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

October 15, 2019 3:45:48 PM by Jacob Powell
Forecast Details
PairEURUSD
Direction Buy
StatusClosed (1.107)
15:31
15:31
Oct. 15, 2019

+60 p
1.1090
Target 1
1.1030
Entry
-45 p
1.0985
Stop Loss
Chart & Analyst Comments
EURUSD - Upward trend will continue, Long trade by market price recommended
  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. The dynamics of the Ratios indicator signals for Long opportunities. Pay attention to the area marked on the image.
  4. Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.