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

July 8, 2019 6:13:06 PM by Patrick Yang
Forecast Details
PairUSDJPY
Direction Buy
StatusClosed (107.9)
Start
End
Jul. 8, 2019
Jul. 15, 2019

+144 p
109.35
Target 1
107.90
Entry
-120 p
106.70
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. There is an increase in Buy Orders when the price attempts to move up. We expect a downward movement to eliminate the accumulated buyers. We recommend to set Buy Limit at 107.9
  3. Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.