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

Alex Zarevich on FXSSI Alex Zarevich Expert
main-sell-market-trend-1
Forecast Details
PairUSDJPY
Publication Time6/13/19 7:23 PM
Direction Sell
Status Closed (108.50)
19:19
19:19
Jun. 13, 2019
Forecast
-50 p
108.80
Stop Loss
108.30
Entry
+50 p
107.80
Target 1
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Chart & Analyst Comments

main-sell-market-trend-1
  1. According to the Current Ratio indicator, the market crowd inclined to believe in an upward movement. We recommend Short trade for today.
  2. The last upward movement was characterized by a “surge” in retail buyers. This is a good reason to start thinking about short positions.
  3. The Profit Ratio reversal indicator doesn't react on downward movement. This means that the movement is not fake.
  4. Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
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