AUDUSD - Downward trend will continue, Short trade by market price recommended
28. Februar 2019 08:58:59
Forecast Details
PairAUDUSD
Direction
Verkauf
StatusClosed (0.7088)
-45 p
0.7185
Stop Loss
0.7140
Entry
+44 p
0.7095
Target 1
+74 p
0.7065
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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- Analyzing the ratio of the trader positions, we see a formed signal that confirms our sell forecast.
- Analyzing the ratio of positions, we see that the majority of traders at the moment are in purchases, which is also combined with the original idea.
- A significant crowd of buyers is above the current price, this is evidenced by a sharp increase in Profit Ratio every time price rises. Upward movement is difficult, correction is possible.
- MVP line is above the price and acts as a resistance level.
- Here is the crucial stop loss level to serve as a goal for our trading idea.