Help Ukraine! Today, Ukraine Is Fighting for Freedom and the Future of Democracy in Europe. Help Ukraine! Donate Verified Charity

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

January 25, 2021 9:44:44 AM by Alexander Zorevyk
Forecast Details
PairEURJPY
Direction Buy
StatusClosed (125.70)
9:42
9:42
Jan. 25, 2021

+50 p
126.65
Target 1
126.15
Entry
-45 p
125.70
Stop Loss
Chart & Analyst Comments
main-buy-market-trend-1
  1. The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
  2. When the price decreases, a signal is formed (orange labels), which implies an upward movement.
  3. MVP line is below the price and acts as a support level.
  4. Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
  5. The trade is aimed at the previous high breakout. The SLC indicator signals us to set our target at the level where most Stop Losses are placed - 126.65
    index: 1x 0.038080930709839s
t_/pages/forecast: 1x 0.035032033920288s
t_/common/header-new: 1x 0.023293018341064s
t_/common/head: 1x 0.020040988922119s
t_/common/footer-new: 1x 0.0028040409088135s
router_page: 1x 0.001594066619873s
router: 1x 0.00078296661376953s
t_/popups/on-download: 1x 0.00056195259094238s
service-routes: 1x 0.0002899169921875s
router_redirection: 1x 0.0001370906829834s
t_/popups/zoom: 1x 1.7166137695312E-5s
----- END OF DUMP (2022-07-05 19:18:07)  -----