The market has stabilized, the first signs of an uptrend appeared
August 17, 2020 8:35:14 AM
Forecast Details
PairEURUSD
Direction
Buy
StatusClosed (1.181)
+105 p
1.1915
Target 2
+75 p
1.1885
Target 1
1.1810
Entry
-90 p
1.1720
Stop Loss
About Author
Jacob Powell
Expert
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Chart & Analyst Comments
- 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.
- The decrease in the buyers volume, together with the increase in the sellers volume, confirms the need to Buy, according to our trading idea.
- MVP line is below the price and acts as a support level.
- Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
- The trade is aimed at the previous high breakout. The SLC indicator signals us to set our target at the level where most Stop Losses are placed - 1.1885
