EURJPY - Upward trend will continue, Long trade by market price recommended
January 25, 2021 9:44:44 AM
Forecast Details
PairEURJPY
Direction
Buy
StatusClosed (125.7)
+50 p
126.65
Target 1
126.15
Entry
-45 p
125.70
Stop Loss
About Author
Alexander Zorevyk
Expert
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Total votes: 3
Buy or Sell
Chart & Analyst Comments
- The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
- When the price decreases, a signal is formed (orange labels), which implies an upward movement.
- MVP line is below the price and acts as a support level.
- Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
- 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
