The market has stabilized, the first signs of an uptrend appeared
March 2, 2020 7:02:27 AM
Forecast Details
PairEURUSD
Direction
Buy
StatusClosed (1.1)
+140 p
1.1140
Target 1
1.1000
Entry
-120 p
1.0880
Stop Loss
About Author
Patrick Yang
Expert
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Chart & Analyst Comments
- 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.
- The Ratios indicator shows the change in the ratio of market players towards sellers. Their increase while the uptrend may indicate the activity of averaging traders. This can serve as "fuel" for further uptrend.
- We are seeing an increase in Sell positions by market crowd, who are replenishing an already large number of "locked up" losing Sell positions.
- Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
- Here is the crucial stop loss level to serve as a goal for our Buy trade idea.
