The market has stabilized, the first signs of a downtrend appeared
April 22, 2019 6:52:52 AM
Forecast Details
PairEURUSD
Direction
Sell
StatusClosed (1.1215)
-80 p
1.1370
Stop Loss
1.1290
Entry
+75 p
1.1215
Target 1
About Author
Patrick Yang
Expert
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Chart & Analyst Comments
- 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 only Short trades at this time.
- The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
- Today we are considering a bearish scenario. However, given that all attempts to develop a downward movement are accompanied by an “overwhelming” of the Profit Ratio indicator, it is better to enter the market at a higher price.