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

9. Mai 2019 05:30:19 by Alexander Zorevyk
Forecast Details
PairAUDUSD
Direction Verkauf
StatusClosed (0.6989)
5:28
5:28
09.05.2019

-44 p
0.7020
Stop Loss
0.6975
Entry
+50 p
0.6925
Target 1
Chart & Analyst Comments
AUDUSD - Downward trend will continue, Short trade by market price recommended
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  1. The Current Ratios indicator have reached critical value, too many traders expect an upward movement. In this case, we recommend selling only.
  2. The activity of "fresh" buyers in a downward movement may indicate that the market crowd still does not believe in a bearish trend.
  3. The Profit Ratio indicator is not responding to a downward movement, this means that the movement is valid.
  4. In the right order book, we see the volume of loss buyers above the current price. This cluster can act as a resistance.