What Is The Market Telling Us?
What are Market Participants Doing?
- Price has been in major downtrend since 21st April
- Break of market structure occured (BMS), pushing price downwards
- Price is currently forming a retracement phase before bearish impulse
What are Market Participants Doing?
- 89% of retail traders are long, meaning instituions are still shorting this pair
- Smart money report (banks & institutions) show over a 90% consumption on EUR shorts
- 20,000 lots on EUR has been added to the short side
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.