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

July 2, 2019 4:32:55 PM by Alexander Zorevyk
Forecast Details
PairAUDJPY
Direction Sell
StatusClosed (75.8)
16:16
16:16
Jul. 2, 2019

-54 p
76.00
Stop Loss
75.45
Entry
+54 p
74.90
Target 1
Chart & Analyst Comments
AUDJPY - Downward trend will continue, Short trade by market price recommended
  1. The Current Ratios indicator have reached critical value, too many traders expect an upward movement. In this case, we recommend selling only.
  2. In this sideways movement, buying prevails in the market crowd. There seem to be a major player interest in a downward movement.
  3. MVP line is above the price and acts as a resistance level.
  4. Stop loss is properly taken out of the buyers cluster. If the price passes it, it is very likely to go on.