The market has stabilized, the first signs of an uptrend appeared
December 16, 2019 6:44:34 PM
Forecast Details
PairEURUSD
Direction
Buy
StatusClosed (1.1185)
+134 p
1.1255
Target 1
1.1120
Entry
-130 p
1.0990
Stop Loss
About Author
Patrick Yang
Expert
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Chart & Analyst Comments
- Since the CurrentRatio sentiment indicator informs us that the market crowd is selling, we should consider sticking to Buy Orders.
- The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
- MVP line is below the price and acts as a support level.
- Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.