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

April 2, 2019 8:02:27 AM by Patrick Yang
Forecast Details
Direction Sell
StatusClosed (1.1280)
Apr. 2, 2019
Apr. 9, 2019

-75 p
Stop Loss
+70 p
Target 1
Chart & Analyst Comments
  1. The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
  2. Analyzing the positions ratio, we see that most traders are currently in Longs, which also combined with the original idea.
  3. When the price rises, a signal is formed (orange labels), which implies a downwards movement.
  4. MVP line is above the price and acts as a resistance level.
  5. In the left orderbook, we see a cluster of stop losses and stop orders right at the level of the previous bottom. This is a good level for placing take profit according to our forecast.
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