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The market has stabilized, the first signs of a downtrend appeared

Alex Zarevich on FXSSI Alex Zarevich Expert
main-sell-trend-2
Forecast Details
PairAUDJPY
Publication Time5/29/19 6:49 PM
Direction Sell
Status Closed (75.40)
18:42
18:42
May 29, 2019
Forecast
-45 p
75.85
Stop Loss
75.40
Entry
+40 p
75.00
Target 1
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Chart & Analyst Comments

main-sell-trend-2
  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 decrease in the sellers volume, together with the increase in the buyers volume, confirms the need to Sell according to our trading idea.
  3. MVP line is above the price and acts as a resistance level.
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