EURJPY - Upward trend will continue, Long trade by market price recommended

October 18, 2019 7:39:13 AM by Patrick Yang
Forecast Details
PairEURJPY
Direction Buy
StatusClosed (120.75)
Start
End
Oct. 18, 2019
Oct. 25, 2019

+145 p
122.20
Target 1
120.75
Entry
-154 p
119.20
Stop Loss
Chart & Analyst Comments
EURJPY - Upward trend will continue, Long trade by market price recommended
  1. According to the Current Ratio indicator, the market crowd inclined to believe in a downward movement. We recommend Long trade for today.
  2. The decrease in the buyers volume, together with the increase in the sellers volume, confirms the need to Buy, according to our trading idea.
  3. The dynamics of the Ratios indicator signals for Long opportunities. Pay attention to the area marked on the image.
  4. 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.