The market has stabilized, the first signs of a downtrend appeared
August 12, 2019 9:56:05 AM
Forecast Details
PairUSDJPY
Direction
Sell
StatusClosed (106.7)
-120 p
106.70
Stop Loss
105.50
Entry
+129 p
104.20
Target 1
About Author
Patrick Yang
Expert
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Total votes: 3
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Chart & Analyst Comments
- The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
- The Ratios indicator shows the change in the ratio of market players towards buyers. Their increase while the downtrend may indicate the activity of averaging traders. This can serve as "fuel" for further downtrend.
- The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
