- According to the most brokers’ data, more than half of the traders are currently in long positions on EURJPY. As a result, we recommend considering only Short trades at this time.
- The decrease in the sellers volume, together with the increase in the buyers volume, confirms the need to Sell according to our trading idea.
- These accumulation of retail traders stop losses coincide with the level of the previous low. This level will serve as the target for our trade.
- This cluster of orders acts as a resistance. For our forecast, stop loss is reasonable to set higher than this cluster.
Chart & Analyst Comments
