EN

EURUSD - Downward trend will continue, Short trade by market price recommended

Jacob Powell on FXSSI Jacob Powell Expert
main-sell-market-trend-1
Forecast Details
PairEURUSD
Publication Time10/22/24 7:34 AM
Direction Sell
Status Closed (1.0795)
7:34
7:34
Oct. 22, 2024
Forecast
-30 p
1.0855
Stop Loss
1.0825
Entry
+30 p
1.0795
Target 1
Related Links
How to use MT4/5 Indicators Tools
Recommended by FXSSI
XM Group
2009
Visit Website
Your capital is at risk. *T&Cs apply

Chart & Analyst Comments

main-sell-market-trend-1
  1. The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
  2. The increase in buyers is observed both in the downward movement and in the retracement movements. Retail traders still believe in the possibility of price increase.
  3. MVP line is above the price and acts as a resistance level.
  4. The risk-to-profit ratio allows us to set Take Profit for a Short trade at 1.0795
    index: 1x 0.053261041641235s
t_/pages/forecast: 1x 0.047587871551514s
t_/common/header-new: 1x 0.031280994415283s
t_/common/head: 1x 0.025309085845947s
t_/common/footer-new: 1x 0.0044639110565186s
router_page: 1x 0.0017359256744385s
router: 1x 0.0011060237884521s
t_/popups/on-download: 1x 0.00084614753723145s
t_/common/cookie-banner: 1x 0.00052595138549805s
t_/blocks/sidebar-afil: 1x 0.00046014785766602s
service-routes: 1x 0.00033211708068848s
router_redirection: 1x 0.00019383430480957s
t_/popups/zoom: 1x 4.6968460083008E-5s
----- END OF DUMP (2025-02-22 00:02:02)  -----