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
+7490 p
0.00
Target 1
+100 p
73.90
Target 2
Chart & Analyst Comments
The market has stabilized, the first signs of a downtrend appeared
  1. The Current Ratios indicator have reached critical value, too many traders expect an upward movement. In this case, we recommend selling only.
  2. The increase in buyers is observed both in the downward movement and in the corrective movements. Retail traders still believe in the possibility of rising prices.
  3. The price decrease will be accompanied by trigger of market crowds’ stop losses, which in turn will serve as a "fuel" for downward movement.