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: 16
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Chart & Analyst Comments
- The Current Ratios indicator have reached critical value, too many traders expect an upward movement. In this case, we recommend selling only.
- 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.
- The activity of "fresh" buyers in a downward movement may indicate that the market crowd still does not believe in a bearish trend.