The market has stabilized, the first signs of an uptrend appeared

December 16, 2019 6:44:34 PM by Patrick Yang
Forecast Details
PairEURUSD
Direction Buy
StatusClosed (1.1185)
Start
End
Dec. 16, 2019
Dec. 23, 2019

+135 p
1.1255
Target 1
1.1120
Entry
-130 p
1.0990
Stop Loss
Chart & Analyst Comments
main-buy-trend-2
  1. Since the CurrentRatio sentiment indicator informs us that the market crowd is selling, we should consider sticking to Buy Orders.
  2. The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
  3. MVP line is below the price and acts as a support level.
  4. Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
    index: 1x 0.034255981445312s
t_/pages/forecast: 1x 0.030969142913818s
t_/common/header-new: 1x 0.019986867904663s
t_/common/head: 1x 0.016281127929688s
t_/common/footer-new: 1x 0.0024540424346924s
router_page: 1x 0.0015280246734619s
router: 1x 0.0007021427154541s
t_/popups/on-download: 1x 0.00052499771118164s
service-routes: 1x 0.00030088424682617s
router_redirection: 1x 0.00013113021850586s
t_/popups/zoom: 1x 1.3828277587891E-5s
----- END OF DUMP (2023-01-27 07:20:01)  -----