EURUSD - Upward trend will continue, Long trade by market price recommended
April 20, 2020 2:45:53 PM
Forecast Details
PairEURUSD
Direction
Buy
StatusClosed (1.0865)
+50 p
1.0915
Target 1
1.0865
Entry
-55 p
1.0810
Stop Loss
About Author
Jacob Powell
Expert
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Chart & Analyst Comments
- The ratio of buyers and sellers is close to parity, it's time to think about price turning up.
- The Ratios indicator shows the change in the ratio of market players towards sellers. Their increase while the uptrend may indicate the activity of averaging traders. This can serve as "fuel" for further uptrend.
- Downward price movement is accompanied by reversal signals of Profit Ratio indicator.
- These accumulation of retail traders stop losses coincide with the level of the previous high. This level will serve as the target for our trade.
