EURJPY - Upward trend will continue, Long trade by market price recommended
November 5, 2019 7:38:55 AM
Forecast Details
PairEURJPY
Direction
Buy
StatusClosed (120.75)
+65 p
121.75
Target 1
121.10
Entry
-64 p
120.45
Stop Loss
About Author
Alexander Zorevyk
Expert
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Chart & Analyst Comments
- Since the CurrentRatio sentiment indicator informs us that the market crowd is selling, we should consider sticking to Buy Orders.
- Downward price movement is accompanied by reversal signals of Profit Ratio indicator.
- Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
- Here is the crucial stop loss level to serve as a goal for our Buy trade idea.