Help Ukraine! Today, Ukraine Is Fighting for Freedom and the Future of Democracy in Europe. Help Ukraine! Donate Verified Charity
EN

EURUSD - Downward trend will continue, Short trade by market price recommended

July 22, 2019 11:46:27 AM by Patrick Yang
Forecast Details
PairEURUSD
Direction Sell
StatusClosed (1.1140)
Start
End
Jul. 22, 2019
Jul. 29, 2019
-80 p
1.1300
Stop Loss
1.1220
Entry
+80 p
1.1140
Target 1
Chart & Analyst Comments
main-sell-market-trend-1
  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 only Short trades at this time.
  2. The last upward movement was characterized by a “surge” in retail buyers. This is a good reason to start thinking about short positions.
  3. The Profit Ratio reversal indicator doesn't react on downward movement. This means that the movement is not fake.
  4. We see an accumulation of loss buyers above the current price in the right Order Book. This cluster can act as a resistance.
    index: 1x 0.033552885055542s
t_/pages/forecast: 1x 0.030457973480225s
t_/common/header-new: 1x 0.01954197883606s
t_/common/head: 1x 0.016207933425903s
t_/common/footer-new: 1x 0.0023839473724365s
router_page: 1x 0.0015478134155273s
router: 1x 0.00080299377441406s
t_/popups/on-download: 1x 0.00047802925109863s
service-routes: 1x 0.00031280517578125s
router_redirection: 1x 0.00014805793762207s
t_/popups/zoom: 1x 1.4066696166992E-5s
----- END OF DUMP (2022-05-22 04:37:05)  -----