EURJPY - Upward trend will continue, Long trade by market price recommended
June 28, 2019 11:16:59 AM
Forecast Details
PairEURJPY
Direction
Buy
StatusClosed (121.6)
+95 p
123.50
Target 1
122.55
Entry
-95 p
121.60
Stop Loss
About Author
Patrick Yang
Expert
Related Links
Buy or Sell
More Pairs
Thanks for Voting!
Buy
Sell
Look like you are with the Crowd.
Fix it with Sentiment Strategy
Fix it with Sentiment Strategy
Congratulations! According to Sentiment Strategy you’ve made a right
decision.
You've already voted this pair. You can vote again later (when?) or try voting other
pair.
Total votes: 5
Buy or Sell
Chart & Analyst Comments
- According to the most brokers’ data, more than half of the traders are currently in short positions on EURJPY. As a result, we recommend considering going only long at this time.
- The Ratios indicator demonstrates a market shift towards sellers. Their increase while the downward movement may indicate a successfully triggered trap. Possible price reversal up.
- The last upward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
- These stop losses of market participants coincide with the level of the previous high. This level will serve as the target for our trade.