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

September 13, 2019 7:08:40 AM by Patrick Yang
Forecast Details
PairEURUSD
Direction Buy
StatusClosed (1.1080)
Start
End
Sep. 13, 2019
Sep. 20, 2019

+140 p
1.1220
Target 1
1.1080
Entry
-130 p
1.0950
Stop Loss
Chart & Analyst Comments
main-buy-market-trend-1
  1. The current market situation looks like the attempt of sellers to average or enter the market at the peak. This is confirmed by the Current Ratio indicator.
  2. The Ratios indicator shows the change in the ratio of market players towards sellers. Their increase while the uptrend may indicate the activity of averaging traders. This can serve as "fuel" for further uptrend.
  3. When the price decreases, a signal is formed (orange labels), which implies an upward movement.
  4. Here is the crucial stop loss level to serve as a goal for our Buy trade idea.
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