Weakening of Selling Force EUR/JPY, Getting ready for next Rally
Weakening of selling force with declining price action vs declining volume.
Potential reversal on the current retracement at demand zone.
If bullish candle close above 50MA, it shall then follow by continuation of the up trend towards next level of resistance.
However, if bearish candle close below trend line, we shall expecting price to fall towards next level of demand zone (point of control of Volume Profile).
Potential reversal on the current retracement at demand zone.
If bullish candle close above 50MA, it shall then follow by continuation of the up trend towards next level of resistance.
However, if bearish candle close below trend line, we shall expecting price to fall towards next level of demand zone (point of control of Volume Profile).
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