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

July 23, 2019 7:10:26 PM by Alexander Zorevyk
Forecast Details
PairAUDJPY
Direction Sell
StatusClosed (75.35)
19:09
19:09
Jul. 23, 2019

-45 p
76.25
Stop Loss
75.80
Entry
+45 p
75.35
Target 1
Chart & Analyst Comments
AUDJPY - Downward trend will continue, Short trade by market price recommended
  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 going only short at this time.
  2. The activity of "fresh" buyers in a 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 our stop loss at the level where there are not many of our market competitors stop losses.