The market has stabilized, the first signs of a downtrend appeared
June 21, 2019 10:16:02 AM
Forecast Details
PairAUDJPY
Direction
Sell
StatusClosed (75.5)
-89 p
75.80
Stop Loss
74.90
Entry
+100 p
73.90
Target 1
About Author
Patrick Yang
Expert
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Chart & Analyst Comments
- The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
- 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.
- 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.