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

April 30, 2020 8:04:40 AM by Alex Zarevich
Forecast Details
PairUSDJPY
Direction Sell
StatusClosed (106.70)
8:02
8:02
Apr. 30, 2020

-60 p
107.60
Stop Loss
107.00
Entry
+60 p
106.40
Target 1
+80 p
106.20
Target 2
Chart & Analyst Comments
main-sell-trend-2

For this forecast, we recommend to set Sell Limit at the following price - 107. This idea is based on the following analysis:

  1. According to the most brokers’ data, more than half of the traders are currently in long positions on USDJPY. As a result, we recommend considering only Short trades at this time.
  2. MVP line is above the price and acts as a resistance level.
  3. The last downward movement has brought a volume of sellers, which implies a small price correction. Enter the deal with a Sell Limit order.
    index: 1x 0.034508943557739s
t_/pages/forecast: 1x 0.031708955764771s
t_/common/header-new: 1x 0.019369125366211s
t_/common/head: 1x 0.016247034072876s
t_/common/footer-new: 1x 0.0032329559326172s
router_page: 1x 0.0014529228210449s
router: 1x 0.00070691108703613s
t_/popups/on-download: 1x 0.00059103965759277s
service-routes: 1x 0.00027990341186523s
router_redirection: 1x 0.00012898445129395s
t_/popups/zoom: 1x 1.5974044799805E-5s
----- END OF DUMP (2023-01-31 10:30:01)  -----