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 volume of buyers, together with the increase in the volume of sellers, confirms the need to buy, according to our trading idea.
  2. The Ratios indicator demonstrates a change in the ratio of players in the market towards buyers. Their increase while the trend is still going downwards may indicate the activity of averaging traders. This can only serve as "fuel" for further downtrend.
  3. 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 our take profit according to our forecast.