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.
    index: 1x 0.034902095794678s
t_/pages/forecast: 1x 0.031923055648804s
t_/common/header-new: 1x 0.019879102706909s
t_/common/head: 1x 0.016309976577759s
t_/common/footer-new: 1x 0.0027110576629639s
router_page: 1x 0.0016088485717773s
router: 1x 0.00075984001159668s
t_/popups/on-download: 1x 0.00050902366638184s
service-routes: 1x 0.00029397010803223s
router_redirection: 1x 0.00014305114746094s
t_/popups/zoom: 1x 1.5020370483398E-5s
----- END OF DUMP (2022-11-30 04:20:11)  -----