EURUSD - Downward trend will continue, Short trade by market price recommended

July 29, 2019 6:33:02 AM by Patrick Yang
Forecast Details
PairEURUSD
Direction Sell
StatusClosed (1.1125)
Start
End
Jul. 29, 2019
Aug. 5, 2019

-115 p
1.1240
Stop Loss
1.1125
Entry
+104 p
1.1020
Target 1
Chart & Analyst Comments
EURUSD - Downward trend will continue, Short trade by market price recommended
  1. The Current Ratios indicator have reached critical value, too many traders expect an upward movement. In this case, we recommend selling only.
  2. When the price rises, a signal is formed (orange labels), which implies a downwards movement.
  3. We are seeing an increase in buy positions by market crowd, who are replenishing an already large number of "locked up" losing buy positions.
  4. MVP line is above the price and acts as a resistance level.
  5. Here is the crucial stop loss level to serve as a goal for our trading idea.