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

May 13, 2019 7:01:52 PM by Patrick Yang
Forecast Details
PairUSDJPY
Direction Sell
StatusClosed (109.95)
Start
End
May 13, 2019
May 20, 2019

-94 p
110.60
Stop Loss
109.65
Entry
+90 p
108.75
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. MVP line is above the price and acts as a resistance level.
  3. The last upward movement was characterized by a “surge” in retail buyers. This is a good reason to start thinking about short positions.
  4. Today we are considering a bearish scenario. However, given that all attempts to develop an upward movement are accompanied by an “overwhelming” of the Profit Ratio indicator, it is better to enter the market at a higher price.