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EURUSD - Upward trend will continue, Long trade by market price recommended

Patrick Yang on FXSSI Patrick Yang Expert
main-buy-market-trend-1
Forecast Details
PairEURUSD
Publication Time5/13/19 6:03 AM
Direction Buy
Status Closed (1.1160)
May 13, 2019
May 20, 2019
Forecast
+120 p
1.1350
Target 1
1.1230
Entry
-120 p
1.1110
Stop Loss
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Chart & Analyst Comments

main-buy-market-trend-1
  1. According to the most brokers’ data, more than half of the traders are currently in short positions on EURUSD. As a result, we recommend considering only Long trades at this time.
  2. Analyzing the positions ratio, we see that most traders are currently in Shorts, which also combines with the original idea.
  3. We see an accumulation of loss sellers below the current price in the right Order Book. This cluster can act as a support.
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