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 Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
  2. There is an increase in the number of bulls on the upward movement, followed by correction. We consider this movement as a trap for buyers and look forward for a continuation of the downtrend.
  3. MVP line is above the price and acts as a resistance level.
  4. We are setting Stop Loss for our Sell trade at the level with the lowest amount of stop losses of other market participants.