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

November 25, 2019 8:57:35 AM by Patrick Yang
Forecast Details
PairEURUSD
Direction Sell
StatusClosed (1.1055)
Start
End
Nov. 25, 2019
Dec. 2, 2019

-125 p
1.1180
Stop Loss
1.1055
Entry
+125 p
1.0930
Target 1
Chart & Analyst Comments
The market has stabilized, the first signs of a downtrend appeared
  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 Ratios indicator demonstrates a market shift towards buyers. Their increase while the upward movement may indicate a successfully triggered trap. Possible price downward reversal.
  3. 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.