The market has stabilized, the first signs of a downtrend appeared

August 12, 2019 9:56:05 AM by Patrick Yang
Forecast Details
PairUSDJPY
Direction Sell
StatusClosed (106.7)
Start
End
Aug. 12, 2019
Aug. 19, 2019

-120 p
106.70
Stop Loss
105.50
Entry
+129 p
104.20
Target 1
Chart & Analyst Comments
The market has stabilized, the first signs of a downtrend appeared
  1. The Current Ratios indicator have reached critical value, too many traders expect an upward movement. In this case, we recommend selling only.
  2. The Current Ratios indicator demonstrates a change in the ratio of players in the market towards buyers. Their increase while the trend is still going downwards may indicate the activity of averaging traders. This can only serve as "fuel" for further downtrend.
  3. The activity of "fresh" buyers in a downward movement may indicate that the market crowd still does not believe in a bearish trend.