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 (107.93)
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 position ratio indicator, the market crowd favors a downward movement. We recommend buying.
  2. There is an increase in buyers when price attempts to move up. We expect the price to roll back to eliminate the accumulated buyers. We recommend set Buy Limit orders at 107.9
  3. Stop loss is properly taken out of the sellers cluster. If the price passes it, it is very likely to go on.