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

July 22, 2019 5:12:08 PM by Patrick Yang
Forecast Details
PairUSDJPY
Direction Sell
StatusClosed (108.80)
Start
End
Jul. 22, 2019
Jul. 29, 2019

-110 p
109.30
Stop Loss
108.20
Entry
+110 p
107.10
Target 1
Chart & Analyst Comments
main-sell-trend-2
  1. According to the most brokers’ data, more than half of the traders are currently in long positions on USDJPY. As a result, we recommend considering only Short trades at this time.
  2. In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
  3. The last downward movement has brought a volume of sellers, which implies a small price correction. Enter the deal with a Sell Limit order.
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