EURUSD - Downward trend will continue, Short trade by market price recommended
March 12, 2019 8:47:28 AM
Forecast Details
PairEURUSD
Direction
Sell
StatusClosed (1.1355)
-100 p
1.1355
Stop Loss
1.1255
Entry
+84 p
1.1170
Target 1
+120 p
1.1135
Target 2
About Author
Patrick Yang
Expert
Related Links
Buy or Sell
More Pairs
Thanks for Voting!
Buy
Sell
Look like you are with the Crowd.
Fix it with Sentiment Strategy
Fix it with Sentiment Strategy
Congratulations! According to Sentiment Strategy you’ve made a right
decision.
You've already voted this pair. You can vote again later (when?) or try voting other
pair.
Total votes: 148
Buy or Sell
Chart & Analyst Comments
- Analyzing the ratio of the trader positions, we see a formed signal that confirms our sell forecast.
- The last upward movement was characterized by a “surge” in retail buyers. This is a good reason to start thinking about short positions.
- When the price rises, a signal is formed (orange labels), which implies a downwards movement.
- MVP line is above the price and acts as a resistance level.
- Here is the crucial stop loss level to serve as a goal for our trading idea.