The market has stabilized, the first signs of an uptrend appeared

June 24, 2019 11:06:27 AM by Jacob Powell
Forecast Details
PairEURUSD
Direction Buy
StatusClosed (1.1375)
10:58
10:58
Jun. 24, 2019

+65 p
1.1440
Target 1
1.1375
Entry
-45 p
1.1330
Stop Loss
Chart & Analyst Comments
The market has stabilized, the first signs of an uptrend appeared
  1. The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
  2. The Profit Ratio reversal indicator doesn't react on upward movement. This means that the movement is not fake.
  3. The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
  4. In the left orderbook, 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 take profit according to our forecast.