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

Alex Zarevich on FXSSI Alex Zarevich Expert
main-sell-market-trend-1
Forecast Details
PairAUDJPY
Publication Time7/23/19 7:10 PM
Direction Sell
Status Closed (75.35)
19:09
19:09
Jul. 23, 2019
Forecast
-45 p
76.25
Stop Loss
75.80
Entry
+45 p
75.35
Target 1
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Chart & Analyst Comments

main-sell-market-trend-1
  1. 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.
  2. The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
  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.
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