The market has stabilized, the first signs of a downtrend appeared
April 9, 2020 12:43:27 PM
Forecast Details
PairEURJPY
Direction
Sell
StatusClosed (118)
-75 p
118.75
Stop Loss
118.00
Entry
+65 p
117.35
Target 1
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Chart & Analyst Comments

For this forecast, we recommend to set Sell Limit at the following price - 118. This idea is based on the following analysis:
- Analyzing the positions ratio, we see that most traders are currently in Longs, which also combined with the original idea.
- In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
- Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
- The price decrease will be accompanied by the trigger of market crowds’ stop losses, which in turn will serve as a "fuel" for the downward movement.