AUDJPY - Downward trend will continue, Short trade by market price recommended

February 14, 2020 7:38:30 AM by Patrick Yang
Forecast Details
PairAUDJPY
Direction Sell
StatusClosed (72.2)
Start
End
Feb. 14, 2020
Feb. 28, 2020

-119 p
74.60
Stop Loss
73.40
Entry
+120 p
72.20
Target 1
Chart & Analyst Comments
AUDJPY - Downward trend will continue, Short trade by market price recommended
  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 dynamics of the Ratios indicator signals for Short opportunities. Pay attention to the area marked on the image.
  3. In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
  4. MVP line is above the price and acts as a resistance level.
  5. Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.