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

+134 p
1.1255
Target 1
1.1120
Entry
-130 p
1.0990
Stop Loss
Chart & Analyst Comments
The market has stabilized, the first signs of an uptrend appeared
  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.