AUDJPY - Downward trend will continue, Short trade by market price recommended
July 4, 2019 6:24:25 PM
Forecast Details
PairAUDJPY
Direction
Sell
StatusClosed (75.65)
-50 p
76.15
Stop Loss
75.65
Entry
+45 p
75.20
Target 1
About Author
Alexander Zorevyk
Expert
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Chart & Analyst Comments
- The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
- 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.
- MVP line is above the price and acts as a resistance level.
- We are setting Stop Loss for our Sell trade at the level with the lowest amount of stop losses of other market participants.
