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

July 5, 2019 4:14:56 PM by Patrick Yang
Forecast Details
PairEURJPY
Direction Sell
StatusClosed (121.6)
Start
End
Jul. 5, 2019
Jul. 12, 2019

-90 p
122.70
Stop Loss
121.80
Entry
+100 p
120.80
Target 1
Chart & Analyst Comments
EURJPY - Downward trend will continue, Short trade by market price recommended
  1. 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.
  2. 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.
  3. We are setting the take profit of our order to the closest level with a large number of stop orders.