The market has stabilized, the first signs of an uptrend appeared
May 4, 2021 1:00:19 PM
Forecast Details
PairEURJPY
Direction
Buy
StatusClosed (131.15)
+100 p
132.00
Target 2
+70 p
131.70
Target 1
131.00
Entry
-70 p
130.30
Stop Loss
About Author
Alexander Zorevyk
Expert
Related Links
Buy or Sell
More Pairs
Thanks for Voting!
Buy
Sell
Look like you are with the Crowd.
Fix it with Sentiment Strategy
Fix it with Sentiment Strategy
Congratulations! According to Sentiment Strategy you’ve made a right
decision.
You've already voted this pair. You can vote again later (when?) or try voting other
pair.
Total votes: 0
Buy or Sell
Chart & Analyst Comments
- According to the most brokers’ data, more than half of the traders are currently in short positions on EURJPY. As a result, we recommend considering only Long trades at this time.
- MVP line is below the price and acts as a support level.
- The last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
- Visually assessing the ratio of buyers and sellers, we see that retail sellers dominate on the market. This fact favors the Long Orders.
- The given Stop Losses of market participants are on the same level as the previous high, which will serve as the target for our trade.
