Black Friday Deal Black Friday Offer: Get a Lifetime Plan With 70% Discount! See Pricing Only till NOV, 28

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

July 9, 2019 4:55:04 PM by Alex Zarevich
Forecast Details
PairGBPJPY
Direction Sell
StatusClosed (135.35)
16:53
16:53
Jul. 9, 2019

-50 p
135.85
Stop Loss
135.35
Entry
+45 p
134.90
Target 1
Chart & Analyst Comments
main-sell-trend-2

For this forecast, we recommend to set Sell Limit at the following price - 135.35. This idea is based on the following analysis:

  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. In the left orderbook, we see a cluster of stop losses and stop orders right at the level of the previous bottom. This is a good level for placing take profit according to our forecast.
    index: 1x 0.055402994155884s
t_/pages/forecast: 1x 0.050024032592773s
t_/common/header-new: 1x 0.031016826629639s
t_/common/head: 1x 0.024654865264893s
t_/common/footer-new: 1x 0.0061688423156738s
router_page: 1x 0.0027339458465576s
router: 1x 0.0011429786682129s
t_/popups/on-download: 1x 0.00053095817565918s
service-routes: 1x 0.00047492980957031s
router_redirection: 1x 0.00021004676818848s
t_/popups/zoom: 1x 1.5974044799805E-5s
----- END OF DUMP (2022-11-26 20:21:11)  -----