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

September 10, 2019 6:24:01 PM by Alexander Zorevyk
Forecast Details
PairEURJPY
Direction Buy
StatusClosed (119.15)
18:22
18:22
Sep. 10, 2019

+55 p
119.15
Target 1
118.60
Entry
-50 p
118.10
Stop Loss
Chart & Analyst Comments
EURJPY - Upward trend will continue, Long trade by market price recommended
  1. The decrease in the buyers volume, together with the increase in the sellers volume, confirms the need to Buy, according to our trading idea.
  2. The Ratios indicator shows the change in the ratio of market players towards sellers. Their increase while the uptrend may indicate the activity of averaging traders. This can serve as "fuel" for further uptrend.
  3. In the left orderbook, we see a cluster of stop losses and stop orders right at the level of the previous peak. This is a good level for placing take profit according to our forecast.