- Majority of traders are still holding onto Shorts. This means we should continue to Buy EURJPY.
- The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
- These accumulation of retail traders stop losses coincide with the level of the previous high. This level will serve as the target for our trade.
- Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
The market has stabilized, the first signs of an uptrend appeared
January 10, 2020 8:32:52 AM
Forecast Details
PairEURJPY
Direction
Buy
StatusClosed (120.90)
+160 p
122.50
Target 1
120.90
Entry
-140 p
119.50
Stop Loss
Chart & Analyst Comments
