The market has stabilized, the first signs of a downtrend appeared

June 10, 2019 2:18:26 PM by Patrick Yang
Forecast Details
PairNZDUSD
Direction Sell
StatusClosed (0.649)
Start
End
Jun. 10, 2019
Jun. 17, 2019

-120 p
0.6690
Stop Loss
0.6570
Entry
+110 p
0.6460
Target 1
Chart & Analyst Comments
The market has stabilized, the first signs of a downtrend appeared
  1. 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.
  2. The dynamics of the Ratios indicator signals possible sells. Pay attention to the area marked on the image.
  3. We are seeing an increase in buy positions by market crowd, who are replenishing an already large number of "locked up" losing buy positions.
  4. We are setting our stop loss at the level where there are not many of our market competitors stop losses.