AUDJPY - Downward trend will continue, Short trade by market price recommended
November 15, 2019 10:04:58 AM
Forecast Details
PairAUDJPY
Direction
Sell
StatusClosed (73.7)
-195 p
75.65
Stop Loss
73.70
Entry
+190 p
71.80
Target 1
About Author
Patrick Yang
Expert
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Chart & Analyst Comments
- Majority of traders are still holding onto Longs. This means we should continue to Sell AUDJPY.
- 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.
- Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.