The market has stabilized, the first signs of an uptrend appeared

December 2, 2019 8:00:13 AM by Patrick Yang
Forecast Details
PairUSDJPY
Direction Buy
StatusClosed (108.5)
Start
End
Dec. 2, 2019
Dec. 9, 2019

+110 p
110.20
Target 1
109.10
Entry
-109 p
108.00
Stop Loss
Chart & Analyst Comments
The market has stabilized, the first signs of an uptrend appeared
  1. According to the Current Ratio indicator, the market crowd inclined to believe in a downward movement. We recommend Long trade for today.
  2. The decrease in the buyers volume, together with the increase in the sellers volume, confirms the need to Buy, according to our trading idea.
  3. 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.
  4. We are focused on the breakdown of the previous peak, the target at the level of 110.2.