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 going only short at this time.
  2. The activity of "fresh" buyers in a downward movement may indicate that the market crowd still does not believe in a bearish trend.
  3. Stop loss is properly taken out of the buyers cluster. If the price passes it, it is very likely to go on.