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

Patrick Yang on FXSSI Patrick Yang Expert
main-sell-trend-2
Forecast Details
PairEURUSD
Publication Time9/23/19 6:26 AM
Direction Sell
Status Closed (1.1050)
Sep. 23, 2019
Sep. 30, 2019
Forecast
-100 p
1.1150
Stop Loss
1.1050
Entry
+110 p
1.0940
Target 1
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Chart & Analyst Comments

main-sell-trend-2
  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 activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
  3. We see a sharp increase in buy orders as indicated by a number of brokers, which may indicate an interest of a big market player. We are expecting a downward movement.
  4. The last downward movement has brought a volume of sellers, which implies a small price correction. Enter the deal with a Sell Limit order.
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