The market has stabilized, the first signs of an uptrend appeared
December 2, 2019 8:00:13 AM
Forecast Details
PairUSDJPY
Direction
Buy
StatusClosed (108.5)
+110 p
110.20
Target 1
109.10
Entry
-110 p
108.00
Stop Loss
About Author
Patrick Yang
Expert
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Chart & Analyst Comments
- According to the Current Ratio indicator, the market crowd inclined to believe in a downward movement. We recommend Long trade for today.
- The decrease in the buyers volume, together with the increase in the sellers volume, confirms the need to Buy, according to our trading idea.
- The Ratios indicator demonstrates a market shift towards sellers. Their increase while the downward movement may indicate a successfully triggered trap. Possible price upward reversal.
- We are focused on the breakdown of the previous peak, the target at the level of 110.2.
