Upcoming Long on EURAUD
EURAUDData
- More than 70% open position on Short
- Volatility is somewhat strong at 4.278% (Above 5% is great)
- Buy Stop at 1.609
- Sell Stop at 1.599
Prediction:
- Market will reverse to hunt that Buy Stop order at 1.609
- Market may keep rising to hunt another one at 1.61
- At this point, there is no immediate resistance (sell orders) so price may keep shooting up
- When price goes down, it will keep decline to hunt Sell Stop at 1.599
- OR price may go down to hunt Sell Stop first and then Buy Stop
Note
Update- It seems like they went to hunt the Sell Stop (1.599) first
- Now they will hunt for the Buy Stop at 1.609
Side Note:
Need to figure out the systems or indicators that point direction in this kind of situation
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.