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

Jacob Powell on FXSSI Jacob Powell Expert
main-buy-market-trend-1
Forecast Details
PairEURUSD
Publication Time10/22/20 6:58 AM
Direction Buy
Status Closed (1.1790)
6:54
6:54
Oct. 22, 2020
Forecast
+95 p
1.1945
Target 2
+70 p
1.1920
Target 1
1.1850
Entry
-60 p
1.1790
Stop Loss
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Chart & Analyst Comments

main-buy-market-trend-1
  1. Majority of traders are still holding onto Shorts. This means we should continue to Buy EURUSD.
  2. We are seeing an increase in Sell positions by market crowd, who are replenishing an already large number of "locked up" losing Sell positions.
  3. 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.
  4. MVP line is below the price and acts as a support level.
  5. The first target is at the level of the previous peak - 1.192, and the second one, in case of an active price increase, is at the level - 1.1945
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