Iam waiting on correction and then up trend continuation. I will monitor the trade and trade with a trend because like we all know, trend is our friend.
number of traders net-long is 19.4% lower than yesterday and 10.1% lower from last week, while the number of traders net-short is 31.9% higher than yesterday and 60.6% higher from last week.
I typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests GBPJPY prices may continue to rise. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBPJPY-bullish contrarian trading bias.
number of traders net-long is 19.4% lower than yesterday and 10.1% lower from last week, while the number of traders net-short is 31.9% higher than yesterday and 60.6% higher from last week.
I typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests GBPJPY prices may continue to rise. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBPJPY-bullish contrarian trading bias.
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.
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.