USDJPY - Downward trend will continue, Short trade by market price recommended

August 7, 2019 6:18:03 PM by Alexander Zorevyk
Forecast Details
PairUSDJPY
Direction Sell
StatusClosed
18:10
18:10
Aug. 7, 2019

-59 p
106.75
Stop Loss
106.15
Entry
+55 p
105.60
Target 1
+90 p
105.25
Target 2
Chart & Analyst Comments
USDJPY - Downward trend will continue, Short trade by market price recommended
  1. The Current Ratios indicator have reached critical value, too many traders expect an upward movement. In this case, we recommend selling only.
  2. The Ratios indicator demonstrates a market shift towards buyers. Their increase while the upward movement may indicate a successfully triggered trap. Possible price reversal down.
  3. In this sideways movement, buying prevails in the market crowd. There seem to be a major player interest in a downward movement.
  4. Stop loss is properly taken out of the buyers cluster. If the price passes it, it is very likely to go on.