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

May 29, 2019 6:49:26 PM by Alex Zarevich
Forecast Details
PairAUDJPY
Direction Sell
StatusClosed (75.40)
18:42
18:42
May 29, 2019

-45 p
75.85
Stop Loss
75.40
Entry
+40 p
75.00
Target 1
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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