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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 Time7/30/19 5:48 PM
Direction Sell
Status Closed (75.00)
17:47
17:47
Jul. 30, 2019
Forecast
-50 p
75.50
Stop Loss
75.00
Entry
+50 p
74.50
Target 1
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Chart & Analyst Comments

main-sell-trend-2
  1. The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
  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. The idea of ​​this Sell forecast is based on a long-term downtrend, which is confirmed by the MVP indicator dynamics.
  4. This cluster of orders acts as a resistance. For our forecast, stop loss is reasonable to set higher than this cluster.
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