The market has stabilized, the first signs of a downtrend appeared

June 18, 2019 4:58:40 PM by Alexander Zorevyk
Forecast Details
PairUSDJPY
Direction Sell
StatusClosed (108)
16:53
16:53
Jun. 18, 2019

-50 p
108.50
Stop Loss
108.00
Entry
+54 p
107.45
Target 1
Chart & Analyst Comments
The market has stabilized, the first signs of a downtrend appeared
  1. The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
  2. Upward movement is accompanied by the activity of buyers who will serve as "fuel" for downwards price movement.
  3. 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.
  4. MVP line is above the price and acts as a resistance level.