EUR/JPY SELL
This is what I call support (chart 1). High volume, strong support level, EMA 200 and a fresh low price, since July (chart 2), but...is that enough to be bullish?
I wouldn't say.
First of all, on a daily basis, the price is still bearish, and not even a Pin, which means, except a support, US session didn't bring significant gains for EUR against JPY.
Additionally, JPY looks still bullish, whereas EUR is bearish.
And one secret behind candles. There is a 38% imbalance between bulls and bears since the beginning of 2020.
Recommendation:
Start to open small bullish positions, but expecting lower prices.
Any lower price will bring more buyers.
#berichh
I wouldn't say.
First of all, on a daily basis, the price is still bearish, and not even a Pin, which means, except a support, US session didn't bring significant gains for EUR against JPY.
Additionally, JPY looks still bullish, whereas EUR is bearish.
And one secret behind candles. There is a 38% imbalance between bulls and bears since the beginning of 2020.
Recommendation:
Start to open small bullish positions, but expecting lower prices.
Any lower price will bring more buyers.
#berichh
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