The market has stabilized, the first signs of a downtrend appeared

June 21, 2019 10:16:02 AM by Patrick Yang
Forecast Details
PairAUDJPY
Direction Sell
StatusClosed (75.5)
Start
End
Jun. 21, 2019
Jun. 28, 2019

-89 p
75.80
Stop Loss
74.90
Entry
+100 p
73.90
Target 1
Chart & Analyst Comments
The market has stabilized, the first signs of a downtrend appeared
  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 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. The price decrease will be accompanied by the trigger of market crowds’ stop losses, which in turn will serve as a "fuel" for the downward movement.