AUDJPY - Downward trend will continue, Short trade by market price recommended
August 13, 2019 12:01:36 PM
Forecast Details
PairAUDJPY
Direction
Sell
StatusClosed (71.7)
-54 p
71.70
Stop Loss
71.15
Entry
+60 p
70.55
Target 1
About Author
Alexander Zorevyk
Expert
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Total votes: 8
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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.
- We are seeing an increase in buy positions by market crowd, who are replenishing an already large number of "locked up" losing buy positions.
- The price decrease will be accompanied by trigger of market crowds’ stop losses, which in turn will serve as a "fuel" for downward movement.