EURJPY - Upward trend will continue, Long trade by market price recommended
October 18, 2019 7:39:13 AM
Forecast Details
PairEURJPY
Direction
Buy
StatusClosed (120.75)
+145 p
122.20
Target 1
120.75
Entry
-154 p
119.20
Stop Loss
About Author
Patrick Yang
Expert
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Chart & Analyst Comments
- According to the Current Ratios indicator, the market crowd inclined to believe in a downward movement. We recommend Long trade for today.
- The decrease in the buyers volume, together with the increase in the sellers volume, confirms the need to Buy, according to our trading idea.
- The dynamics of the Ratios indicator signals for Long opportunities. Pay attention to the area marked on the image.
- These accumulation of retail traders stop losses coincide with the level of the previous high. This level will serve as the target for our trade.