AUDJPY - Downward trend will continue, Short trade by market price recommended
July 23, 2019 7:10:26 PM
Forecast Details
PairAUDJPY
Direction
Sell
StatusClosed (75.35)
-45 p
76.25
Stop Loss
75.80
Entry
+45 p
75.35
Target 1
About Author
Alexander Zorevyk
Expert
Related Links
Buy or Sell
More Pairs
Thanks for Voting!
Buy
Sell
Look like you are with the Crowd.
Fix it with Sentiment Strategy
Fix it with Sentiment Strategy
Congratulations! According to Sentiment Strategy you’ve made a right
decision.
You've already voted this pair. You can vote again later (when?) or try voting other
pair.
Total votes: 0
Buy or Sell
Chart & Analyst Comments
- According to the most brokers’ data, more than half of the traders are currently in long positions on AUDJPY. As a result, we recommend considering only Short trades at this time.
- The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
- 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.