The market has stabilized, the first signs of a downtrend appeared

September 2, 2019 7:18:04 AM by Patrick Yang
Forecast Details
PairEURUSD
Direction Sell
StatusClosed (1.1025)
Start
End
Sep. 2, 2019
Sep. 9, 2019

-120 p
1.1170
Stop Loss
1.1050
Entry
+120 p
1.0930
Target 1
Chart & Analyst Comments
The market has stabilized, the first signs of a downtrend appeared
  1. The Current Ratios indicator have reached critical value, too many traders expect an upward movement. In this case, we recommend selling only.
  2. The activity of "fresh" buyers in a downward movement may indicate that the market crowd still does not believe in a bearish trend.
  3. MVP line is above the price and acts as a resistance level.
  4. In the right order book, we see the volume of loss buyers above the current price. This cluster can act as a resistance.