The market has stabilized, the first signs of an uptrend appeared
December 13, 2019 8:38:45 AM
Forecast Details
PairAUDJPY
Direction
Buy
StatusClosed (75.45)
+204 p
77.50
Target 1
75.45
Entry
-170 p
73.75
Stop Loss
About Author
Patrick Yang
Expert
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Chart & Analyst Comments
- Analyzing the market sentiment with Current Ratio indicator, we see a formed signal that confirms our idea of Buy Order.
- 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.
- The decrease in the buyers volume, together with the increase in the sellers volume, confirms the need to Buy, according to our trading idea.
- Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.