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

-110 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 Ratio indicator, which is used for quick market sentiment analysis, provides Sell signal at the moment.
  2. The activity of "fresh" bulls while the 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 Sell trade idea.