EURUSD - Downward trend will continue, Short trade by market price recommended
April 2, 2019 8:02:27 AM
Forecast Details
PairEURUSD
Direction
Sell
StatusClosed (1.128)
-75 p
1.1280
Stop Loss
1.1205
Entry
+70 p
1.1135
Target 1
About Author
Patrick Yang
Expert
Related Links
Buy or Sell
More Pairs
Thanks for Voting!
Buy
Sell
Look like you are with the Crowd.
Fix it with Sentiment Strategy
Fix it with Sentiment Strategy
Congratulations! According to Sentiment Strategy you’ve made a right
decision.
You've already voted this pair. You can vote again later (when?) or try voting other
pair.
Total votes: 43
Buy or Sell
Chart & Analyst Comments
- The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
- Analyzing the positions ratio, we see that most traders are currently in Longs, which also combined with the original idea.
- When the price rises, a signal is formed (orange labels), which implies a downwards movement.
- MVP line is above the price and acts as a resistance level.
- 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.
