USDJPY - Downward trend will continue, Short trade by market price recommended
August 7, 2019 6:18:03 PM
Forecast Details
PairUSDJPY
Direction
Sell
StatusClosed (105.7)
-59 p
106.75
Stop Loss
106.15
Entry
+55 p
105.60
Target 1
+90 p
105.25
Target 2
About Author
Alexander Zorevyk
Expert
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Total votes: 3
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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 Ratios indicator demonstrates a market shift towards buyers. Their increase while the upward movement may indicate a successfully triggered trap. Possible price downward reversal.
- In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
- Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
