The market has stabilized, the first signs of a downtrend appeared
January 15, 2021 7:13:01 AM
Forecast Details
PairEURJPY
Direction
Sell
StatusClosed (126.1)
-60 p
126.70
Stop Loss
126.10
Entry
+60 p
125.50
Target 1
About Author
Alexander Zorevyk
Expert
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Chart & Analyst Comments
- The ratio of buyers and sellers is close to parity, it's time to think about price turning down.
- The decrease in the sellers volume, together with the increase in the buyers volume, confirms the need to Sell according to our trading idea.
- The last downward movement has brought a volume of sellers, which implies a small price correction. Enter the deal with a Sell Limit order.
- The SLC indicator displays a cluster of Stop Losses and Stop orders straight at the previous low level, which according to our forecast, is good for placing Take Profit.
