EURUSD - Upward trend will continue, Long trade by market price recommended
June 24, 2020 4:48:04 PM
Forecast Details
PairEURUSD
Direction
Buy
StatusClosed
+80 p
1.1350
Target 1
1.1270
Entry
-80 p
1.1190
Stop Loss
About Author
Jacob Powell
Expert
Related Links
Buy or Sell
More Pairs
Thanks for Voting!
Buy
Sell
Look like you are with the Crowd.
Fix it with Sentiment Strategy
Fix it with Sentiment Strategy
Congratulations! According to Sentiment Strategy you’ve made a right
decision.
You've already voted this pair. You can vote again later (when?) or try voting other
pair.
Total votes: 139
Buy or Sell
Chart & Analyst Comments
- 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.
- The Profit Ratio reversal indicator doesn't react on upward movement. This means that the movement is not fake.
- 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
- The last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
- Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
