The market has stabilized, the first signs of an uptrend appeared

June 24, 2019 4:48:55 PM by Patrick Yang
Forecast Details
PairEURUSD
Direction Buy
StatusClosed (1.13)
Start
End
Jun. 24, 2019
Jul. 1, 2019

+140 p
1.1440
Target 1
1.1300
Entry
-149 p
1.1150
Stop Loss
Chart & Analyst Comments
The market has stabilized, the first signs of an uptrend appeared
  1. The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
  2. The decrease in the buyers volume, together with the increase in the sellers volume, confirms the need to Buy, according to our trading idea.
  3. The Profit Ratio reversal indicator doesn't react on upward movement. This means that the movement is not fake.
  4. We see an accumulation of loss sellers below the current price in the right Order Book. This cluster can act as a support.