The market has stabilized, the first signs of a downtrend appeared
September 2, 2019 7:18:04 AM
Forecast Details
PairEURUSD
Direction
Sell
StatusClosed (1.1025)
-120 p
1.1170
Stop Loss
1.1050
Entry
+120 p
1.0930
Target 1
About Author
Patrick Yang
Expert
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Chart & Analyst Comments
- The Current Ratios indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
- The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
- MVP line is above the price and acts as a resistance level.
- We see an accumulation of loss buyers above the current price in the right Order Book. This cluster can act as a resistance.