The market has stabilized, the first signs of a downtrend appeared
July 12, 2019 2:18:30 PM
Forecast Details
PairAUDJPY
Direction
Sell
StatusClosed (75.9)
-75 p
76.50
Stop Loss
75.75
Entry
+90 p
74.85
Target 1
About Author
Patrick Yang
Expert
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Chart & Analyst Comments
- The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
- Upward price movement is accompanied by reversal signals of Profit Ratio indicator.
- The last upward movement was characterized by a “surge” in retail buyers. This is a good reason to start thinking about short positions.
- MVP line is above the price and acts as a resistance level.
- Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.