XAUUSD - the pair is about to leave the range of flat
March 15, 2019 8:20:57 AM
Forecast Details
PairXAUUSD
Direction
Sell
StatusClosed (1292)
-50 p
1,297.0
Stop Loss
1,292.0
Entry
+40 p
1,288.0
Target 1
About Author
Alexander Zorevyk
Expert
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Chart & Analyst Comments
For today's forecast, we recommend a Sell Order at this recommended market price - 1292. This idea is based on the following analysis:
- Analyzing the market sentiment with Current Ratio indicator, we see a formed signal that confirms our idea of Sell Order.
- The dynamics of the Ratios indicator signals for Short opportunities. Pay attention to the area marked on the image.
- The decrease in the sellers volume, together with the increase in the buyers volume, confirms the need to Sell according to our trading idea.
- These accumulation of retail traders stop losses coincide with the level of the previous low. This level will serve as the target for our trade.
