- Majority of traders are still holding onto Longs. This means we should continue to Sell AUDJPY.
- Upward price movement is accompanied by reversal signals of Profit Ratio indicator.
- The increase in buyers is observed both in the downward movement and in the retracement movements. Retail traders still believe in the possibility of price increase.
- The price decrease will be accompanied by the trigger of market crowds’ stop losses, which in turn will serve as a "fuel" for the downward movement.
Chart & Analyst Comments
