The market has stabilized, the first signs of a downtrend appeared
May 13, 2019 7:01:52 PM
Forecast Details
PairUSDJPY
Direction
Sell
StatusClosed (109.95)
-94 p
110.60
Stop Loss
109.65
Entry
+90 p
108.75
Target 1
About Author
Patrick Yang
Expert
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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.
- MVP line is above the price and acts as a resistance level.
- The last upward movement was characterized by a “surge” in retail buyers. This is a good reason to start thinking about short positions.
- Today we are considering a bearish scenario. However, given that all attempts to develop a downward movement are accompanied by an “overwhelming” of the Profit Ratio indicator, it is better to enter the market at a higher price.
