The market has stabilized, the first signs of a downtrend appeared
August 28, 2019 7:29:54 PM
Forecast Details
PairUSDJPY
Direction
Sell
StatusClosed (105.6)
-60 p
106.20
Stop Loss
105.60
Entry
+59 p
105.00
Target 1
About Author
Alexander Zorevyk
Expert
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Chart & Analyst Comments
- Majority of traders are still holding onto Longs. This means we should continue to Sell USDJPY.
- In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
- Here is the crucial stop loss level to serve as a goal for our Sell trade idea.