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 Time7/25/24 7:18 AM
Direction Sell
Status Closed (1.0820)
7:18
7:18
Jul. 25, 2024
Forecast
-40 p
1.0875
Stop Loss
1.0835
Entry
+45 p
1.0790
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 ratio of buyers and sellers is close to parity, it's time to think about price turning down.
  2. We see a sharp increase in buy orders as indicated by a number of brokers, which may indicate an interest of a big market player. We are expecting a downward movement.
  3. MVP line is above the price and acts as a resistance level.
  4. Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
  5. The risk/reward ratio allows you to set Take Profit at the same level where the SLC indicator signals that there are Stop orders - 1.079
    index: 1x 0.034880876541138s
t_/pages/forecast: 1x 0.032040119171143s
t_/common/header-new: 1x 0.02059006690979s
t_/common/head: 1x 0.016753911972046s
t_/common/footer-new: 1x 0.0026109218597412s
router_page: 1x 0.0014998912811279s
router: 1x 0.00079607963562012s
t_/popups/on-download: 1x 0.00060296058654785s
t_/common/cookie-banner: 1x 0.00036907196044922s
service-routes: 1x 0.0003058910369873s
t_/blocks/sidebar-afil: 1x 0.0001981258392334s
router_redirection: 1x 0.00014591217041016s
t_/popups/zoom: 1x 1.2874603271484E-5s
----- END OF DUMP (2024-09-11 12:59:09)  -----