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EURJPY - Downward trend will continue, Short trade by market price recommended

October 1, 2019 5:53:59 PM by Alexander Zorevyk
Forecast Details
PairEURJPY
Direction Sell
StatusClosed (117.35)
17:49
17:49
Oct. 1, 2019

-55 p
118.30
Stop Loss
117.75
Entry
+65 p
117.10
Target 1
Chart & Analyst Comments
EURJPY - Downward trend will continue, Short trade by market price recommended
  1. Analyzing the market sentiment with Current Ratio indicator, we see a formed signal that confirms our idea of Sell Order.
  2. We see a sharp increase in buy orders as indicated by a number of brokers, which may indicate an interest of a big market player. We are expecting a downward movement.
  3. In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
  4. Here is the crucial stop loss level to serve as a goal for our Sell trade idea.