USDJPY - Downward trend will continue, Short trade by market price recommended
June 13, 2019 7:23:17 PM
Forecast Details
PairUSDJPY
Direction
Sell
StatusClosed (108.5)
-50 p
108.80
Stop Loss
108.30
Entry
+50 p
107.80
Target 1
About Author
Alexander Zorevyk
Expert
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Total votes: 5
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Chart & Analyst Comments
- According to the Current Ratio indicator, the market crowd inclined to believe in an upward movement. We recommend Short trade for today.
- The last upward movement was characterized by a “surge” in retail buyers. This is a good reason to start thinking about short positions.
- The Profit Ratio reversal indicator doesn't react on downward movement. This means that the movement is not fake.
- Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
