- 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.
- The decrease in the buyers volume, together with the increase in the sellers volume, confirms the need to Buy, according to our trading idea.
- When the price decreases, a signal is formed (orange labels), which implies an upward movement.
- The present level of MVP, which is below the current price, favors Buy Orders.
- Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
Chart & Analyst Comments
