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

May 16, 2019 12:21:31 PM by Jacob Powell
Forecast Details
PairEURUSD
Direction Buy
StatusClosed (1.1225)
12:14
12:14
May 16, 2019

+34 p
1.1260
Target 1
1.1225
Entry
-44 p
1.1180
Stop Loss
Chart & Analyst Comments
EURUSD - Upward trend will continue, Long trade by market price recommended
  1. The ratio of buyers and sellers is close to parity, it's time to think about price turning up.
  2. Downward price movement is accompanied by reversal signals for Profit Ratio.
  3. We are seeing an increase in sell positions by market crowd, who are replenishing an already large number of "locked up" losing sell positions.
  4. We see a cluster of stop losses and stop orders right at the level of the previous peak. This is a good level for placing our take profit according to our forecast.