AUDJPY - Downward trend will continue, Short trade by market price recommended
July 2, 2019 4:32:55 PM
Forecast Details
PairAUDJPY
Direction
Sell
StatusClosed (75.8)
-54 p
76.00
Stop Loss
75.45
Entry
+54 p
74.90
Target 1
About Author
Alexander Zorevyk
Expert
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Total votes: 2
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Chart & Analyst Comments
- The Current Ratios indicator have reached critical value, too many traders expect an upward movement. In this case, we recommend selling only.
- In this sideways movement, buying prevails in the market crowd. There seem to be a major player interest in a downward movement.
- MVP line is above the price and acts as a resistance level.
- Stop loss is properly taken out of the buyers cluster. If the price passes it, it is very likely to go on.