The market has stabilized, the first signs of an uptrend appeared

December 13, 2019 8:38:45 AM by Patrick Yang
Forecast Details
PairAUDJPY
Direction Buy
StatusClosed (75.45)
Start
End
Dec. 13, 2019
Dec. 20, 2019

+204 p
77.50
Target 1
75.45
Entry
-170 p
73.75
Stop Loss
Chart & Analyst Comments
The market has stabilized, the first signs of an uptrend appeared
  1. Analyzing the market sentiment with Current Ratio indicator, we see a formed signal that confirms our idea of Buy Order.
  2. The Ratios indicator shows the change in the ratio of market players towards sellers. Their increase while the uptrend may indicate the activity of averaging traders. This can serve as "fuel" for further uptrend.
  3. The decrease in the buyers volume, together with the increase in the sellers volume, confirms the need to Buy, according to our trading idea.
  4. Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.