EN

EURUSD - Downward trend will continue, Short trade by market price recommended

Patrick Yang on FXSSI Patrick Yang Expert
main-sell-market-trend-1
Forecast Details
PairEURUSD
Publish Time3/12/19 8:47 AM
Direction Sell
Status Closed (1.1355)
Mar. 11, 2019
Mar. 18, 2019
Forecast
-100 p
1.1355
Stop Loss
1.1255
Entry
+85 p
1.1170
Target 1
+120 p
1.1135
Target 2
Related Links
How to use MT4/5 Indicators Tools

Chart & Analyst Comments

main-sell-market-trend-1
  1. Analyzing the market sentiment with Current Ratio indicator, we see a formed signal that confirms our idea of Sell Order.
  2. The last upward movement was characterized by a “surge” in retail buyers. This is a good reason to start thinking about short positions.
  3. When the price rises, a signal is formed (orange labels), which implies a downwards movement.
  4. MVP line is above the price and acts as a resistance level.
  5. Here is the crucial stop loss level to serve as a goal for our Sell trade idea.
    index: 1x 0.059720039367676s
t_/pages/forecast: 1x 0.054711103439331s
t_/common/header-new: 1x 0.032912969589233s
t_/common/head: 1x 0.027461051940918s
t_/common/footer-new: 1x 0.0046329498291016s
router_page: 1x 0.0023419857025146s
router: 1x 0.0011239051818848s
t_/popups/on-download: 1x 0.00096917152404785s
service-routes: 1x 0.00049400329589844s
router_redirection: 1x 0.00023603439331055s
t_/common/cookie-banner: 1x 3.504753112793E-5s
t_/popups/zoom: 1x 3.0040740966797E-5s
----- END OF DUMP (2023-03-26 23:58:03)  -----