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

Alex Zarevich on FXSSI Alex Zarevich Expert
main-sell-trend-2
Forecast Details
PairUSDJPY
Publication Time8/28/19 7:29 PM
Direction Sell
Status Closed (105.60)
19:28
19:28
Aug. 28, 2019
Forecast
-60 p
106.20
Stop Loss
105.60
Entry
+60 p
105.00
Target 1
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Chart & Analyst Comments

main-sell-trend-2
  1. Majority of traders are still holding onto Longs. This means we should continue to Sell USDJPY.
  2. In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
  3. Here is the crucial stop loss level to serve as a goal for our Sell trade idea.
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