I broke it down as well, this is what I have on it
nexin
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the crowd is always wrong!
EURUSD is moving towards its VWAP level 0 pressured by strong buy pressure;
moreover, as we can see from top 10 retail brokers more than 60% of the retail traders are short; which means by following the "crowd is always wrong" theory we should BUY
- The Ratios show the change in the ratio of market players towards sellers. This increase while the uptrend may indicate the activity of averaging traders. This can serve as "fuel" for further uptrend.
- We are seeing an increase in Sell positions by the market crowd, who are replenishing an already large number of "locked up" losing Sell positions.