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

August 26, 2019 2:18:19 PM by Patrick Yang
Forecast Details
PairEURUSD
Direction Sell
StatusClosed (1.114)
Start
End
Aug. 26, 2019
Sep. 2, 2019

-109 p
1.1250
Stop Loss
1.1140
Entry
+125 p
1.1015
Target 1
Chart & Analyst Comments
The market has stabilized, the first signs of a downtrend appeared
  1. The Current Ratios indicator, which is used to quickly assess market sentiment, currently signals sell.
  2. The activity of "fresh" buyers in a downward movement may indicate that the market crowd still does not believe in a bearish trend.
  3. MVP line is above the price and acts as a resistance level.
  4. Here is the crucial stop loss level to serve as a goal for our trading idea.