The market has stabilized, the first signs of a downtrend appeared
June 18, 2019 4:58:40 PM
Forecast Details
PairUSDJPY
Direction
Sell
StatusClosed (108)
-50 p
108.50
Stop Loss
108.00
Entry
+55 p
107.45
Target 1
About Author
Alexander Zorevyk
Expert
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Chart & Analyst Comments
- The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
- Upward movement is accompanied by the activity of buyers who will serve as "fuel" for downwards price movement.
- A long-lasting signal provided by Profit Ratio may indicate that the price is out of range movement. A continual signal from the Profit Ratio during the uptrend is natural and should not be considered as a reversal signal.
- MVP line is above the price and acts as a resistance level.
