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

July 19, 2019 1:17:21 PM by Patrick Yang
Forecast Details
PairEURJPY
Direction Sell
StatusClosed (120.95)
Start
End
Jul. 19, 2019
Jul. 26, 2019

-89 p
121.85
Stop Loss
120.95
Entry
+95 p
120.00
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 only Short trades at this time.
  2. The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
  3. Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.