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

Alex Zarevich on FXSSI Alex Zarevich Expert
main-buy-market-trend-1
Forecast Details
PairEURJPY
Publication Time6/18/24 7:19 AM
Direction Buy
Status Closed (169.75)
7:19
7:19
Jun. 18, 2024
Forecast
+75 p
170.30
Target 1
169.55
Entry
-95 p
168.60
Stop Loss
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Chart & Analyst Comments

main-buy-market-trend-1
  1. According to the most brokers’ data, more than half of the traders are currently in short positions on EURJPY. As a result, we recommend considering only Long trades at this time.
  2. MVP line is below the price and acts as a support level.
  3. Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
  4. The SLC indicator displays a cluster of Stop Losses and Stop orders at the previous high level, which according to our forecast, is good for placing Take Profit.
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