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

9 juillet 2019 16:55:04 by Alexander Zorevyk
Details des prévisions
PaireGBPJPY
Direction Vendre
Statut Fermé (135.35)
16:53
16:53
9 juil. 2019

-50 p
135.85
Excédent des pertes
135.35
Entrée
+44 p
134.90
Cible 1
Tableau et analyses d'experts
The market has stabilized, the first signs of a downtrend appeared
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For this forecast, we recommend a sell order at the following 135.35. This idea is based on the following analysis:

  1. The Current Ratios indicator have reached critical value, too many traders expect an upward movement. In this case, we recommend selling only.
  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. In the left orderbook, we see a cluster of stop losses and stop orders right at the level of the previous support. This is a good level for placing take profit according to our forecast.