EURJPY - Downward trend will continue, Short trade by market price recommended
July 5, 2019 4:14:56 PM
Forecast Details
PairEURJPY
Direction
Sell
StatusClosed (121.6)
-90 p
122.70
Stop Loss
121.80
Entry
+100 p
120.80
Target 1
About Author
Patrick Yang
Expert
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Total votes: 5
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Chart & Analyst Comments
- According to the most brokers’ data, more than half of the traders are currently in long positions on EURJPY. As a result, we recommend considering going only short at this time.
- The decrease in the volume of sellers, together with the increase in the volume of buyers, confirms the need to sell according to our trading idea.
- We are setting the take profit of our order to the closest level with a large number of stop orders.