The market has stabilized, the first signs of a downtrend appeared
November 25, 2019 8:57:35 AM
Forecast Details
PairEURUSD
Direction
Sell
StatusClosed (1.1055)
-125 p
1.1180
Stop Loss
1.1055
Entry
+124 p
1.0930
Target 1
About Author
Patrick Yang
Expert
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Chart & Analyst Comments
- 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.
- The Ratios indicator demonstrates a market shift towards buyers. Their increase while the upward movement may indicate a successfully triggered trap. Possible price downward reversal.
- In the left orderbook, we see a cluster of stop losses and stop orders right at the level of the previous bottom. This is a good level for placing take profit according to our forecast.