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EURUSD - Upward trend will continue, Long trade by market price recommended

Patrick Yang on FXSSI Patrick Yang Expert
main-buy-market-trend-1
Forecast Details
PairEURUSD
Publication Time5/27/19 11:36 AM
Direction Buy
Status Closed (1.1195)
May 27, 2019
Jun. 3, 2019
Forecast
+105 p
1.1300
Target 1
1.1195
Entry
-95 p
1.1100
Stop Loss
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Chart & Analyst Comments

main-buy-market-trend-1
  1. According to the most brokers’ data, more than half of the traders are currently in short positions on EURUSD. As a result, we recommend considering only Long trades at this time.
  2. The Ratios indicator shows the change in the ratio of market players towards sellers. Their increase while the uptrend may indicate the activity of averaging traders. This can serve as "fuel" for further uptrend.
  3. The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
  4. We see an accumulation of loss sellers below the current price in the right Order Book. This cluster can act as a support.
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