The market has stabilized, the first signs of a downtrend appeared
June 10, 2019 2:18:26 PM
Forecast Details
PairNZDUSD
Direction
Sell
StatusClosed (0.649)
-120 p
0.6690
Stop Loss
0.6570
Entry
+110 p
0.6460
Target 1
About Author
Patrick Yang
Expert
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Total votes: 4
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Chart & Analyst Comments
- According to the most brokers’ data, more than half of the traders are currently in long positions on NZDUSD. As a result, we recommend considering going only short at this time.
- The dynamics of the Ratios indicator signals possible sells. Pay attention to the area marked on the image.
- We are seeing an increase in buy positions by market crowd, who are replenishing an already large number of "locked up" losing buy positions.
- We are setting our stop loss at the level where there are not many of our market competitors stop losses.