EURJPY buy

27. März

EURJPY buy, Price action on a trend basis on the daily timeframe is showing an uptrend with price retesting a key level in the market. Scrolling down on our 4h timeframe we can see an area in the market where price is failing to break the lows a reversal can be observed in accordance with the trend. In addition, most retail traders at the time of this are shorting the pair which should indicate a bullish sentiment as 90% of retail traders fail. in addition, scrolling to our hourly time frame we can see price approaching our 30 rsi level which would be added confluence of bullish price action soon, wait for a deeper pullback to the 30 rsi line and watch lower time frame for shift in trend and patterns such as double bottom engulfing etc