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The market has stabilized, the first signs of an uptrend appeared

August 5, 2019 4:54:05 PM by Patrick Yang
Forecast Details
PairEURUSD
Direction Buy
StatusClosed (1.1130)
Start
End
Aug. 5, 2019
Aug. 12, 2019
+110 p
1.1240
Target 1
1.1130
Entry
-110 p
1.1020
Stop Loss
Chart & Analyst Comments
main-buy-trend-2
  1. The ratio of buyers and sellers is close to parity, it's time to think about price turning up.
  2. 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.
  3. 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
  4. 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
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