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

January 27, 2020 7:51:47 AM by Patrick Yang
Forecast Details
PairEURUSD
Direction Sell
StatusClosed (1.105)
Start
End
Jan. 27, 2020
Feb. 3, 2020

-124 p
1.1175
Stop Loss
1.1050
Entry
+124 p
1.0925
Target 1
Chart & Analyst Comments
The market has stabilized, the first signs of a downtrend appeared
  1. Since the CurrentRatio sentiment indicator informs us that the market crowd is buying, we should consider sticking to Sell Orders.
  2. There is an increase in Sell Orders when the price attempts to move down. We expect an upward movement to eliminate the accumulated sellers. We recommend to set Sell Limit at 1.105.
  3. MVP line is above the price and acts as a resistance level.
  4. Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
  5. Here is the crucial stop loss level to serve as a goal for our Sell trade idea.