EURJPY - Downward trend will continue, Short trade by market price recommended
January 30, 2020 7:37:41 AM
Forecast Details
PairEURJPY
Direction
Sell
StatusClosed (120.1)
-65 p
120.50
Stop Loss
119.85
Entry
+64 p
119.20
Target 1
About Author
Alexander Zorevyk
Expert
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Chart & Analyst Comments
- 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.
- In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
- MVP line is above the price and acts as a resistance level.
- We are setting the take profit of our Sell Order to the closest level with a large number of stop losses.