The market has stabilized, the first signs of an uptrend appeared
August 5, 2019 4:54:05 PM
Forecast Details
PairEURUSD
Direction
Buy
StatusClosed (1.113)
+110 p
1.1240
Target 1
1.1130
Entry
-110 p
1.1020
Stop Loss
About Author
Patrick Yang
Expert
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Total votes: 0
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Chart & Analyst Comments
- The ratio of buyers and sellers is close to parity, it's time to think about price turning up.
- Today we are considering a bullish scenario. However, given that all attempts to develop an upward movement are accompanied by a “overwhelming” of the Profit Ratio indicator, it is better to enter the market at a lower price.
- There is an increase in Buy Orders when the price attempts to move up. We expect a downward movement to eliminate the accumulated buyers. We recommend to set Buy Limit at 1.113
- The first target is at the level of the previous peak - 1.124, and the second one, in case of an active price increase, is at the level - 0
