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

January 30, 2020 7:37:41 AM by Alexander Zorevyk
Forecast Details
PairEURJPY
Direction Sell
StatusClosed (120.1)
7:35
7:35
Jan. 30, 2020

-65 p
120.50
Stop Loss
119.85
Entry
+65 p
119.20
Target 1
Chart & Analyst Comments
EURJPY - Downward trend will continue, Short trade by market price recommended
  1. For a while now, the Current Ratio indicator provides an opportunity for Short trade. We are using this signal as a basis for today’s trading forecast.
  2. In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
  3. MVP line is above the price and acts as a resistance level.
  4. We are setting the take profit of our Sell Order to the closest level with a large number of stop losses.