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

September 30, 2019 6:01:45 AM by Patrick Yang
Forecast Details
PairEURUSD
Direction Sell
StatusClosed (1.098)
Start
End
Sep. 30, 2019
Oct. 7, 2019

-130 p
1.1065
Stop Loss
1.0935
Entry
+124 p
1.0810
Target 1
Chart & Analyst Comments
EURUSD - Downward trend will continue, Short trade by market price recommended
  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.