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The market has stabilized, the first signs of a downtrend appeared

Alex Zarevich on FXSSI Alex Zarevich Expert
main-sell-trend-2
Forecast Details
PairGBPJPY
Publication Time8/1/19 4:14 PM
Direction Sell
Status Closed (131.90)
16:10
16:10
Aug. 1, 2019
Forecast
-70 p
132.60
Stop Loss
131.90
Entry
+75 p
131.15
Target 1
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Chart & Analyst Comments

main-sell-trend-2
  1. The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
  2. We are seeing an increase in Buy positions by market crowd, who are replenishing an already large number of "locked up" losing Buy positions.
  3. Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
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