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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.
    index: 1x 0.034829139709473s
t_/pages/forecast: 1x 0.031450986862183s
t_/common/header-new: 1x 0.020185947418213s
t_/common/head: 1x 0.016624927520752s
t_/common/footer-new: 1x 0.0025041103363037s
router_page: 1x 0.0016999244689941s
router: 1x 0.00082182884216309s
t_/popups/on-download: 1x 0.00049114227294922s
service-routes: 1x 0.00037503242492676s
router_redirection: 1x 0.00019621849060059s
t_/popups/zoom: 1x 3.3140182495117E-5s
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