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

July 4, 2019 6:24:25 PM by Alexander Zorevyk
Forecast Details
PairAUDJPY
Direction Sell
StatusClosed (75.65)
18:07
18:07
Jul. 4, 2019

-50 p
76.15
Stop Loss
75.65
Entry
+45 p
75.20
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. There is an increase in the number of bulls on the upward movement with subsequent correction. We regard this movement as a trap for buyers and look forward to a downward movement.
  3. MVP line is above the price and acts as a resistance level.
  4. We are setting our stop loss at the level where there are not many of our market competitors stop losses.