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

July 25, 2019 6:23:22 AM by Jacob Powell
Forecast Details
PairEURUSD
Direction Sell
StatusClosed (1.1135)
6:22
6:22
Jul. 25, 2019

-55 p
1.1190
Stop Loss
1.1135
Entry
+54 p
1.1080
Target 1
Chart & Analyst Comments
EURUSD - Downward trend will continue, Short trade by market price recommended
  1. According to the most brokers’ data, more than half of the traders are currently in long positions on EURUSD. As a result, we recommend considering going only short at this time.
  2. The Profit Ratio indicator is not responding to a downward movement, this means that the movement is valid.
  3. MVP line is above the price and acts as a resistance level.
  4. Stop loss is properly taken out of the buyers cluster. If the price passes it, it is very likely to go on.
  5. Here is the crucial stop loss level to serve as a goal for our trading idea.