AUDUSD - Downward trend will continue, Short trade by market price recommended
2. Mai 2019 06:11:58
Forecast Details
PairAUDUSD
Direction
Verkauf
StatusClosed (0.699)
-40 p
0.7060
Stop Loss
0.7020
Entry
+30 p
0.6990
Target 1
+50 p
0.6970
Target 2
About Author
Alexander Zorevyk
Expert
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Total votes: 12
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Chart & Analyst Comments
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- The Current Ratios indicator have reached critical value, too many traders expect an upward movement. In this case, we recommend selling only.
- The Profit Ratio indicator is not responding to a downward movement, this means that the movement is valid.
- The last upward movement was characterized by a “surge” in retail buyers. This is a good reason to start thinking about short positions.
- In the right order book, we see the volume of loss buyers above the current price. This cluster can act as a resistance.