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 (1.113)
Start
End
Aug. 5, 2019
Aug. 12, 2019

+110 p
1.1240
Target 1
1.1130
Entry
-109 p
1.1020
Stop Loss
Chart & Analyst Comments
The market has stabilized, the first signs of an uptrend appeared
  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 “zapping off” of the Profit Ratio indicator, it is better to enter the market at a lower price.
  3. There is an increase in buyers when price attempts to move up. We expect the price to roll back to eliminate the accumulated buyers. We recommend set Buy Limit orders at 1.113
  4. Our first target is at the level of the previous resistance - 1.124, and the second, in case of an active price increase, is at the level - 0