EURJPY - Downward trend will continue, Short trade by market price recommended

April 21, 2020 5:15:20 AM by Alex Zarevich
Forecast Details
PairEURJPY
Direction Sell
StatusClosed (117.15)
5:14
5:14
Apr. 21, 2020

-65 p
117.15
Stop Loss
116.50
Entry
+60 p
115.90
Target 1
Chart & Analyst Comments
main-sell-market-trend-1
  1. Majority of traders are still holding onto Longs. This means we should continue to Sell EURJPY.
  2. The Ratios indicator shows the change in the ratio of market players towards buyers. Their increase while the downtrend may indicate the activity of averaging traders. This can serve as "fuel" for further downtrend.
  3. We are setting the take profit of our Sell Order to the closest level with a large number of stop losses.
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