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
+7490 p
0.00
Target 1
+100 p
73.90
Target 2
About Author
Patrick Yang
Expert
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Chart & Analyst Comments
- The Current Ratios indicator have reached critical value, too many traders expect an upward movement. In this case, we recommend selling only.
- 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.
- The price decrease will be accompanied by trigger of market crowds’ stop losses, which in turn will serve as a "fuel" for downward movement.