EN

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

Patrick Yang on FXSSI Patrick Yang Expert
main-sell-market-trend-1
Forecast Details
PairEURUSD
Publication Time9/30/19 6:01 AM
Direction Sell
Status Closed (1.0980)
Sep. 30, 2019
Oct. 7, 2019
Forecast
-130 p
1.1065
Stop Loss
1.0935
Entry
+125 p
1.0810
Target 1
Related Links
How to use MT4/5 Indicators Tools
Recommended by FXSSI
XM Group
2009
Visit Website
Your capital is at risk. *T&Cs apply

Chart & Analyst Comments

main-sell-market-trend-1
  1. Majority of traders are still holding onto Longs. This means we should continue to Sell EURUSD.
  2. We are seeing an increase in Buy positions by market crowd, who are replenishing an already large number of "locked up" losing Buy positions.
  3. The dynamics of the Ratios indicator signals for Short opportunities. Pay attention to the area marked on the image.
  4. We see an accumulation of loss buyers above the current price in the right Order Book. This cluster can act as a resistance.
  5. Here is the crucial stop loss level to serve as a goal for our Sell trade idea.
    index: 1x 0.065768003463745s
t_/pages/forecast: 1x 0.060022830963135s
t_/common/header-new: 1x 0.038686990737915s
t_/common/head: 1x 0.030848026275635s
t_/common/footer-new: 1x 0.0065059661865234s
router_page: 1x 0.0027048587799072s
t_/popups/on-download: 1x 0.0016129016876221s
router: 1x 0.0010309219360352s
t_/common/cookie-banner: 1x 0.00085687637329102s
t_/blocks/sidebar-afil: 1x 0.00051999092102051s
service-routes: 1x 0.00040292739868164s
router_redirection: 1x 0.00024104118347168s
t_/popups/zoom: 1x 9.3936920166016E-5s
----- END OF DUMP (2025-02-05 11:40:02)  -----