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

June 24, 2020 4:48:04 PM by Jacob Powell
Forecast Details
Direction Buy
StatusClosed (1.1195)
Jun. 24, 2020

+80 p
Target 1
-80 p
Stop Loss
Chart & Analyst Comments
  1. 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.
  2. The Profit Ratio reversal indicator doesn't react on upward movement. This means that the movement is not fake.
  3. 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 - 1.135
  4. The last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
  5. Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
    index: 1x 0.039282083511353s
t_/pages/forecast: 1x 0.03544807434082s
t_/common/header-new: 1x 0.024119138717651s
t_/common/head: 1x 0.016811847686768s
t_/common/footer-new: 1x 0.0024259090423584s
router_page: 1x 0.0016419887542725s
router: 1x 0.00087785720825195s
t_/popups/on-download: 1x 0.00049901008605957s
service-routes: 1x 0.00041699409484863s
router_redirection: 1x 0.00017499923706055s
t_/popups/zoom: 1x 1.4066696166992E-5s
----- END OF DUMP (2023-01-27 08:29:01)  -----