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

March 29, 2019 8:35:00 AM by Jacob Powell
Forecast Details
PairEURUSD
Direction Sell
StatusClosed (1.1215)
6:16
6:00
Mar. 28, 2019

-45 p
1.1305
Stop Loss
1.1260
Entry
+44 p
1.1215
Target 1
Chart & Analyst Comments
EURUSD - Downward trend will continue, Short trade by market price recommended
  1. Majority of traders are still holding onto longs. This means we should continue selling EURUSD.
  2. Analyzing the ratio of positions, we see that the majority of traders at the moment are in purchases, which is also combined with the original idea.
  3. MVP line is above the price and acts as a resistance level.
  4. The price decrease will be accompanied by trigger of market crowds’ stop losses, which in turn will serve as a "fuel" for downward movement.