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

Patrick Yang on FXSSI Patrick Yang Expert
main-buy-trend-2
Forecast Details
PairUSDJPY
Publication Time12/2/19 8:00 AM
Direction Buy
Status Closed (108.50)
Dec. 2, 2019
Dec. 9, 2019
Forecast
+110 p
110.20
Target 1
109.10
Entry
-110 p
108.00
Stop Loss
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Chart & Analyst Comments

main-buy-trend-2
  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.
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