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

July 12, 2019 2:18:30 PM by Patrick Yang
Forecast Details
PairAUDJPY
Direction Sell
StatusClosed (75.9)
Start
End
Jul. 12, 2019
Jul. 19, 2019

-75 p
76.50
Stop Loss
75.75
Entry
+90 p
74.85
Target 1
Chart & Analyst Comments
The market has stabilized, the first signs of a downtrend appeared
  1. The Current Ratios indicator have reached critical value, too many traders expect an upward movement. In this case, we recommend selling only.
  2. Price increase is accompanied by reversal signals for Profit Ratio.
  3. The last upward movement was characterized by a “surge” in retail buyers. This is a good reason to start thinking about short positions.
  4. MVP line is above the price and acts as a resistance level.
  5. Stop loss is properly taken out of the buyers cluster. If the price passes it, it is very likely to go on.