EURJPY - Upward trend will continue, Long trade by market price recommended

November 5, 2019 7:38:55 AM by Alexander Zorevyk
Forecast Details
PairEURJPY
Direction Buy
StatusClosed (120.75)
7:33
7:33
Nov. 5, 2019

+65 p
121.75
Target 1
121.10
Entry
-64 p
120.45
Stop Loss
Chart & Analyst Comments
EURJPY - Upward trend will continue, Long trade by market price recommended
  1. Since the CurrentRatio sentiment indicator informs us that the market crowd is selling, we should consider sticking to Buy Orders.
  2. Downward price movement is accompanied by reversal signals of Profit Ratio indicator.
  3. Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
  4. Here is the crucial stop loss level to serve as a goal for our Buy trade idea.