The market has stabilized, the first signs of a downtrend appeared
June 4, 2019 4:18:20 PM
Forecast Details
PairUSDJPY
Direction
Sell
StatusClosed (108.4)
-50 p
108.40
Stop Loss
107.90
Entry
+45 p
107.45
Target 1
About Author
Alexander Zorevyk
Expert
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Total votes: 5
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Chart & Analyst Comments
- The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
- The last upward movement was characterized by a “surge” in retail buyers. This is a good reason to start thinking about short positions.
- When the price rises, a signal is formed (orange labels), which implies a downwards movement.
- The price decrease will be accompanied by the trigger of market crowds’ stop losses, which in turn will serve as a "fuel" for the downward movement.
