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forexwithfred

EUR/JPY - Break In Bearish Structure!

Long
Euro / Japanese Yen (FX:EURJPY)  
forexwithfred  
FX:EURJPY   Euro / Japanese Yen
Supply and Demand Volume Beyond Technical Analysis EURJPY EUR jpy eurjpylong marketstructure ict
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0
supplyanddemand volumestudies beyondta eurjpy eur jpy eurjpylong marketstructure ict
What Is The Market Telling Us?
  • Euro long accumulation phase has expanded since 26th of April
  • Break of market structure validates bullish momentum incoming
  • 62% Fib retracement held price for continuation on bullish run

What Are Market Participants Doing'?
  • EUR longs rose +13.1% in past 24 hours as JPY shorts dropped -10.3%
  • 81% of retail traders are going short on this pair
  • COT Data shows over 10,000+ lots has been added to the EUR over the past week
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