EURUSD - Downward trend will continue, Short trade by market price recommended
September 30, 2019 6:01:45 AM
Forecast Details
PairEURUSD
Direction
Sell
StatusClosed (1.098)
-130 p
1.1065
Stop Loss
1.0935
Entry
+124 p
1.0810
Target 1
About Author
Patrick Yang
Expert
Related Links
Buy or Sell
More Pairs
Thanks for Voting!
Buy
Sell
Look like you are with the Crowd.
Fix it with Sentiment Strategy
Fix it with Sentiment Strategy
Congratulations! According to Sentiment Strategy you’ve made a right
decision.
You've already voted this pair. You can vote again later (when?) or try voting other
pair.
Total votes: 0
Buy or Sell
Chart & Analyst Comments
- Majority of traders are still holding onto Longs. This means we should continue to Sell EURUSD.
- We are seeing an increase in Buy positions by market crowd, who are replenishing an already large number of "locked up" losing Buy positions.
- The dynamics of the Ratios indicator signals for Short opportunities. Pay attention to the area marked on the image.
- We see an accumulation of loss buyers above the current price in the right Order Book. This cluster can act as a resistance.
- Here is the crucial stop loss level to serve as a goal for our Sell trade idea.