The market has stabilized, the first signs of a downtrend appeared
December 12, 2019 7:59:26 AM
Forecast Details
PairUSDJPY
Direction
Sell
StatusClosed (108.35)
-50 p
108.85
Stop Loss
108.35
Entry
+45 p
107.90
Target 1
About Author
Alexander Zorevyk
Expert
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Total votes: 5
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Chart & Analyst Comments
- Since the CurrentRatio sentiment indicator informs us that the market crowd is buying, we should consider sticking to Sell Orders.
- The Ratios indicator shows the change in the ratio of market players towards buyers. Their increase while the downtrend may indicate the activity of averaging traders. This can serve as "fuel" for further downtrend.
- We are seeing an increase in Buy positions by market crowd, who are replenishing an already large number of "locked up" losing Buy positions.
- These accumulation of retail traders stop losses coincide with the level of the previous low. This level will serve as the target for our trade.
