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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
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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.
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