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

February 24, 2020 8:13:37 AM by Patrick Yang
Forecast Details
PairEURUSD
Direction Sell
StatusClosed (1.0775)
Start
End
Feb. 24, 2020
Mar. 2, 2020

-115 p
1.0890
Stop Loss
1.0775
Entry
+115 p
1.0660
Target 1
Chart & Analyst Comments
main-sell-trend-2
  1. The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
  2. The Ratios indicator shows the change in the ratio of market players towards buyers. Their increase while the downtrend may indicate the activity of averaging traders. This can serve as "fuel" for further downtrend.
  3. The increase in buyers is observed both in the downward movement and in the retracement movements. Retail traders still believe in the possibility of price increase.
  4. Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
  5. MVP line is above the price and acts as a resistance level.
    index: 1x 0.039053201675415s
t_/pages/forecast: 1x 0.035036087036133s
t_/common/header-new: 1x 0.020788192749023s
t_/common/head: 1x 0.016878843307495s
t_/common/footer-new: 1x 0.0025990009307861s
router_page: 1x 0.0017819404602051s
router: 1x 0.00082898139953613s
t_/popups/on-download: 1x 0.00055789947509766s
service-routes: 1x 0.00039911270141602s
router_redirection: 1x 0.00014090538024902s
t_/popups/zoom: 1x 4.5061111450195E-5s
----- END OF DUMP (2023-01-27 08:41:01)  -----