EURJPY - Downward trend will continue, Short trade by market price recommended
July 19, 2019 1:17:21 PM
Forecast Details
PairEURJPY
Direction
Sell
StatusClosed (120.95)
-89 p
121.85
Stop Loss
120.95
Entry
+95 p
120.00
Target 1
About Author
Patrick Yang
Expert
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Total votes: 3
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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 activity of "fresh" buyers in a downward movement may indicate that the market crowd still does not believe in a bearish trend.
- Stop loss is properly taken out of the buyers cluster. If the price passes it, it is very likely to go on.