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

Patrick Yang on FXSSI Patrick Yang Expert
main-buy-market-trend-1
Forecast Details
PairEURUSD
Publication Time7/1/19 1:01 PM
Direction Buy
Status Closed (1.1250)
Jul. 1, 2019
Jul. 8, 2019
Forecast
+105 p
1.1450
Target 1
1.1345
Entry
-95 p
1.1250
Stop Loss
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Chart & Analyst Comments

main-buy-market-trend-1
  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 last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
  3. Downward price movement is accompanied by reversal signals of Profit Ratio indicator.
  4. Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
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