The market has stabilized, the first signs of a downtrend appeared

April 22, 2019 6:52:52 AM by Patrick Yang
Forecast Details
PairEURUSD
Direction Sell
StatusClosed (1.1215)
Start
End
Apr. 22, 2019
Apr. 28, 2019

-80 p
1.1370
Stop Loss
1.1290
Entry
+75 p
1.1215
Target 1
Chart & Analyst Comments
The market has stabilized, the first signs of a downtrend appeared
  1. According to the most brokers’ data, more than half of the traders are currently in long positions on EURUSD. As a result, we recommend considering going only short at this time.
  2. The activity of "fresh" buyers in a downward movement may indicate that the market crowd still does not believe in a bearish trend.
  3. Today we are considering a bearish scenario. However, given that all attempts to develop an upward movement are accompanied by an “overwhelming” of the Profit Ratio indicator, it is better to enter the market at a higher price.