EURUSD - Upward trend will continue, Long trade by market price recommended
September 13, 2019 7:08:40 AM
Forecast Details
PairEURUSD
Direction
Buy
StatusClosed (1.108)
+140 p
1.1220
Target 1
1.1080
Entry
-130 p
1.0950
Stop Loss
About Author
Patrick Yang
Expert
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Chart & Analyst Comments
- 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.
- 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.
- When the price decreases, a signal is formed (orange labels), which implies an upward movement.
- Here is the crucial stop loss level to serve as a goal for our Buy trade idea.