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USDJPY - Upward trend will continue, Long trade by market price recommended

October 14, 2022 5:41:13 AM by Alex Zarevich
Forecast Details
PairUSDJPY
Direction Buy
StatusClosed (148.00)
5:31
5:31
Oct. 14, 2022
+60 p
148.00
Target 1
147.40
Entry
-65 p
146.75
Stop Loss
Chart & Analyst Comments
main-buy-market-trend-1
  1. The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
  2. The decrease in the buyers volume, together with the increase in the sellers volume, confirms the need to Buy, according to our trading idea.
  3. Set Take Profit at the local high, beyond which there is a cluster of orders.
  4. Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
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