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

31 juillet 2019 18:46:55 by Alexander Zorevyk
Details des prévisions
PaireEURJPY
Direction Vendre
Statut Fermé (121)
18:46
18:46
31 juil. 2019

-50 p
121.50
Excédent des pertes
121.00
Entrée
+50 p
120.50
Cible 1
Tableau et analyses d'experts
The market has stabilized, the first signs of a downtrend appeared
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  1. According to the most brokers’ data, more than half of the traders are currently in long positions on EURJPY. As a result, we recommend considering going only short at this time.
  2. We are seeing an increase in buy positions by market crowd, who are replenishing an already large number of "locked up" losing buy positions.
  3. This cluster of orders acts as a resistance. For our forecast, stop loss is reasonable to move further than this cluster.