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

November 15, 2019 10:04:58 AM by Patrick Yang
Forecast Details
PairAUDJPY
Direction Sell
StatusClosed (73.7)
Start
End
Nov. 15, 2019
Nov. 22, 2019

-195 p
75.65
Stop Loss
73.70
Entry
+190 p
71.80
Target 1
Chart & Analyst Comments
AUDJPY - Downward trend will continue, Short trade by market price recommended
  1. Majority of traders are still holding onto Longs. This means we should continue to Sell AUDJPY.
  2. The increase in buyers is observed both in the downward movement and in the retracement movements. Retail traders still believe in the possibility of price increase.
  3. Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.