The market has stabilized, the first signs of an uptrend appeared
April 16, 2019 7:43:00 AM
Forecast Details
PairEURUSD
Direction
Buy
StatusClosed (1.1225)
+74 p
1.1360
Target 1
1.1285
Entry
-60 p
1.1225
Stop Loss
About Author
Patrick Yang
Expert
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Total votes: 150
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Chart & Analyst Comments
In this forecast, we recommend that open a Buy Limit order at 1.1285. This idea is based on the following analysis:
- 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 going only long at this time.
- The Profit Ratio indicator doesn't react on upward movement. This means that the movement is not fake.
- The last upward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
- We see a cluster of loss sellers below the current price. This cluster can act as a support.
- The risk-to-profit ratio allows you to set a take profit at 1.136