The trend is still down and we try to catch pullbacks
Analysing Forex from The Market side & perspective.
Here we have USDJPY in its big downtrend. This downtrend reaches buyer positions at 106.92 from mid of May. There are also two seller positions and an empty zone from this downtrend. Is the buyer positions will stop the downtrend? It might. The Market needs to pullback or sideway to increase trading volumes by attracting more buyer positions. This is a good opportunity to catch a pullback and maximize our profit before The Market continues the trend.
Here we have USDJPY in its big downtrend. This downtrend reaches buyer positions at 106.92 from mid of May. There are also two seller positions and an empty zone from this downtrend. Is the buyer positions will stop the downtrend? It might. The Market needs to pullback or sideway to increase trading volumes by attracting more buyer positions. This is a good opportunity to catch a pullback and maximize our profit before The Market continues the trend.
