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 0.033890962600708s
t_/pages/forecast: 1x 0.030175924301147s
t_/common/header-new: 1x 0.019377946853638s
t_/common/head: 1x 0.016031980514526s
t_/common/footer-new: 1x 0.0025551319122314s
router_page: 1x 0.0017790794372559s
router: 1x 0.00071287155151367s
t_/popups/on-download: 1x 0.00051689147949219s
service-routes: 1x 0.00029706954956055s
router_redirection: 1x 0.00013399124145508s
t_/popups/zoom: 1x 4.0054321289062E-5s
----- END OF DUMP (2023-01-31 10:24:01)  -----