Upcoming Long on EURAUD

8 Oca 2019

EURAUD
Data

• 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
  

9 Oca 2019

Not

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