Retail trader data shows 54.2% of traders are net-long with the ratio of traders long to short at 1.18 to 1. The number of traders net-long is 20.5% lower than yesterday and 21.0% higher from last week, while the number of traders net-short is 27.0% higher than yesterday and 14.4% lower from last week.
I typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests EURUSD prices may continue to fall. Positioning is less net-long than yesterday but more net-long from last week. The combination of current sentiment and recent changes gives us a further mixed EURUSD trading bias.
EUR/USD is in UPTREND
I always wait for confirmation and never trigger the trade just because its in uptrend or downtrend. With such trading i can predict and trade at around 80% success rate.
Also do not chase the trade, its better to wait and execute the trade at right time then overtrade and lose account..
I typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests EURUSD prices may continue to fall. Positioning is less net-long than yesterday but more net-long from last week. The combination of current sentiment and recent changes gives us a further mixed EURUSD trading bias.
EUR/USD is in UPTREND
I always wait for confirmation and never trigger the trade just because its in uptrend or downtrend. With such trading i can predict and trade at around 80% success rate.
Also do not chase the trade, its better to wait and execute the trade at right time then overtrade and lose account..
Note
Breakout in Up trend, i hope that you catch some profit.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.